🛅Gauge

veLOXO holders play a crucial role in determining the allocation of emissions to liquidity pools within the ecosystem. They exercise their voting power to choose the preferred liquidity pool gauges for each epoch. The voting results determine how $LOXO emissions will be distributed among the different liquidity pools.

The distribution of emissions to liquidity pools is proportional to the total votes received by each pool. In other words, the more votes a liquidity pool garners from veLOXO holders, the larger the share of emissions it will receive.

As an incentive for their participation, veLOXO voters receive certain benefits. Specifically, voters who support a particular liquidity pool are entitled to 80% of the trading fees generated by that pool. Additionally, they receive 100% of the bribes collected through the liquidity pool they voted for.

This mechanism creates a direct link between veLOXO holders' voting decisions and their potential financial rewards. It encourages active engagement and participation in the governance of the protocol while also providing an avenue for voters to benefit from the trading fees and bribes associated with the liquidity pools they support.