Introducing: Platypus’ Voting Gauge
Platypus’ Voting Gauge is The latest feature on Platypus that will make waves and change your staking experience forever.
Today, we’re excited to let you know that the highly anticipated “gauge voting” is going live today, the 6th of September at 930 am UTC!
In this post
What’s Voting Gauge?
Voting Gauge is a new feature that allows vePTP holders to control where PTP emissions go through the gauges. The PTP emission will be distributed proportionally according to the gauge weights of each pool. So the more votes a pool gets, the larger amount of PTP emission will be allocated to it, thus resulting in a higher APR for the pool.
Not a vePTP holder yet? Stake PTP to acquire vePTP now: https://app.platypus.finance/stake
What’s So Special About this Voting Design?
It’s a dynamic emission! No cooldown period between votes and vePTP holders can modify their votes at any time. Moreover, PTP emissions and gauge weights update in real-time. Whenever the voting ratio changes, the PTP emission will adjust accordingly.
How Can Voting Gauge Benefit Me?
For the tokens listed on Platypus, they all want more PTP emissions to make their pool more attractive to LPs, in order to increase the usage of their own tokens. Therefore, they are willing to provide bribes to attract and secure more votes.
What are Bribes?
Bribes are the additional incentives for voters. They are provided by third-party protocols to attract more votes from vePTP holders. As platypus’ platform supports bribes natively, users can look for the bribe incentives from different protocols, vote for different token pools, and claim bribes on the same page, seamlessly.
How Do I Vote And Claim Bribes?
1. Add a gauge.
(vePTP holders can add more than one gauge. You can choose to vote for one or multiple gauges.)
2. Adjust your vote weight (in percentage)
3. Confirm your vote.
4. You can modify your vote at any time.
You can earn bribe incentives that will be automatically claimed on voting
But wait, there’s more!
With the commencement of gauge voting on the platform, more stablecoin and liquid staking token listing will be available on Platypus. Additionally, more participants are expected to be joining the PTParty. Additionally, Governance, fee sharing, and more innovative features are on the way, so get ready to shake up the ecosystem!