SPLASH
Learn about Ociswap's SPLASH NFT.
Last updated
Learn about Ociswap's SPLASH NFT.
Last updated
$SPLASH
is a non-fungible token (NFT) that contains voting power. This voting power is based on the duration and amount of OCI tokens that are locked in dedicated . The holders can use this power to vote on the platform's gauges. These gauges determine the distribution of incentives across Ociswap's liquidity pools.
Gauge Voting: holders are granted the opportunity to cast their votes on a weekly basis, influencing the allocation of PURR emissions for the subsequent .
Accumulate Pool Fees: all voters share 10% of the fees that are accumulated in the pool they voted for.
Bribe Revenue: voters share 100% of the bribes that were assigned to the pools they voted for.
Governance Rights: holders are contributing to the platform's ongoing development by participating in governance processes, including casting votes on proposed protocol enhancements. This feature is to be implemented at a later stage.
To promote long-term involvement and loyality, the $SPLASH
voting power diminishes as time progresses, hitting zero by the time the underlying tokens are unlocked.
Participants choosing longer token-locking periods benefit from greater voting sway on the platform's gauges (). This arrangement rewards lasting commitment and builds a more resilient governance structure, as the lock-up period makes participants more inclined to cast votes that support the advancement and interests of the protocol, rather than those which may negatively impact its overall progress and functionality.