# SPLASH

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The SPLASH 2.0 system will only commence after the involved components have been audited by Hacken. The code has already been submitted, meaning the audit is currently pending.
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`$SPLASH` is a non-fungible token (NFT) that contains voting power. This voting power is based on the duration and amount of OCI tokens that are locked in dedicated [SPLASH pools](/ociswap-dex/liquidity-incentives.md#splash-pools). The holders can use this power to vote on the platform's gauges. These gauges determine the distribution of [`$oOCI`](/ociverse/tokens/ooci.md) incentives across Ociswap's liquidity pools. 

## Utility

* **Gauge Voting:** holders are granted the opportunity to cast their votes on a weekly basis, influencing the allocation of PURR emissions for the subsequent wave[^1].
* **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.

## Lock Duration

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 ([more info](/ociswap-dex/liquidity-incentives.md#splash-nft)). 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.<br>

[^1]: Weekly period in which the rewards are distributed and new votes can be casted.


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