EYWA Incentives Interface

Incentives Interface Description

Incentives interface provides access to the ve(3,3) mechanism in the EYWA DAO for external projects and protocols, as well as for veEYWA holders.

«ve(3,3)» is a mechanism used in DeFi protocols that combines (3,3) from game theory (mutually beneficial cooperation) and ve (vote escrow, i.e., token locking for voting), creating a tokenomics model where everyone benefits from acting in the protocol’s best interests, generating overall synergy.

Now, owners of locked EYWA tokens (veEYWA) can receive additional rewards for participating in votes for specific liquidity pools, significantly expanding the earning opportunities within the ecosystem. Meanwhile, external projects can acquire liquidity, gain visibility, and secure their status in the cross-chain space.

To get started in the CrossCurve application, go to the Incentives page in the DAO section. Click “Connect wallet”, select a suitable wallet from the list, and confirm the connection, making sure you are on the official page: https://app.crosscurve.fi/incentives

On the Incentives page, detailed information will be displayed:

• Current voting round ends in - remaining time until the voting period ends in this epoch

• Farm pools - pool name and its statistics:

• Basic Volatile - pool type*

* CrossCurve offers two distinct liquidity pools to users: the Stable Pool and the Volatility Pool.

Volatility Pools consist of liquidity (Curve pools) for asset pairs with volatile prices, typically experiencing divergence. For example, USDT vs. EYWA or ETH vs. BTC.

Volatile pairs are formed by combining uncorrelated assets and utilize Curve's unique impermanent loss compensation mechanism for pools containing volatile assets.

Stable Pools are pools of stable liquidity (Curve pools) between assets whose prices are pegged to each other. For example, USDT vs. USDC.

Another case involves derivative assets, such as wstETH and rETH. Although rETH is considered a volatile asset, the trading pair between wstETH and rETH is classified as a stable pool because the price of wstETH does not significantly fluctuate relative to rETH.

Stable pairs on CrossCurve are designed for correlated assets and aim to maintain a 1:1 transfer ratio between them as closely as possible.

• Votes - number of veEYWA votes cast and the percentage of total votes received by this pool among all pools participating in the vote

• Chain - the network in which the pool operates

• TVL - total value locked in the pool

• Volume (24h) - trading volume in the pool over 24 hours

• APR - yield in the pool

• Total incentives - total rewards allocated for the epoch in USD equivalent

Attention: The Incentives function is mainly used by protocols. Please ensure that you understand how it works before using it, as any transaction is final and cannot be reversed. For more detailed information, follow the Read docs link.

For easier navigation, use the filter icon to search for a specific network or token within a pool.

To propose a reward for all EYWA DAO participants in exchange for their votes in the next epoch, select the pool to which you want to allocate rewards. At the beginning of the next epoch, these rewards will be evenly distributed among all those who voted for that pool.

In the modal window that appears, select the token in which you want to add rewards and enter the amount to be allocated.

To proceed with adding the selected rewards to the pool, you must give consent by checking the box, as any transaction is final and cannot be reversed, meaning the allocated tokens cannot be refunded.

After confirming your agreement with the reward allocation terms, click Add Incentive and sign the transactions to approve spending (Approve) and add the rewards (Add Incentive)

By navigating to the Vote page in the DAO section, you can view the amount of allocated rewards for DAO participants in the current and upcoming epochs:

Estimated EYWA emission in the next epoch - average amount of rewards allocated for the next epoch in EYWA tokens

Estimated CRV emission in the next epoch - average amount of rewards allocated for the next epoch in CRV tokens

Estimated incentives available in the current epoch - average amount of rewards allocated for the current epoch in USD equivalent

The reward amounts allocated to voters for each pool are displayed in the Incentives column.

On the Dashboard page in your personal statistics, rewards are calculated in the Incentives section. At the end off the epoch, rewards become available for claiming. To claim your rewards, click Claim and sign the transaction(s) in your wallet.