EYWA Vote Interface
EYWA Vote Interface Description
Last updated
EYWA Vote Interface Description
Last updated
Locking EYWA tokens provides unique opportunities for additional income through receiving incentives for voting for specific pools. By voting, veEYWA holders influence the distribution of liquidity and rewards among CrossCurve pools. Projects seeking to attract liquidity offer veEYWA holders various token incentives in exchange for votes in their favor.
Locking EYWA tokens transforms voting rights into a source of income: veEYWA holders select the most profitable offers and receive rewards in tokens, cryptocurrencies, or other forms of income from these projects. The higher your veEYWA balance, the greater your profit opportunities.
Utilizing EYWA DAO NFT can further increase your earnings when voting for pools.
To begin using the CrossCurve application, navigate to the Vote page under the DAO section. Click Connect wallet, select a suitable wallet from the list, and confirm the connection, ensuring you are on the official page: https://app.crosscurve.fi/vote-pools.
After successfully connecting your wallet, to vote for pools, open the Pools tab.
You will see the following information:
A timer showing when the current voting period ends
The total voting power available for voting in the current epoch
You have - the number of locks and the voting power in veEYWA tokens
Voted with - the number of locks participating in votes and the voting power in veEYWA tokens
Ready for voting - the number of locks available for voting and the voting power in veEYWA tokens
In the window showing the pools participating the voting you will see:
Pools - the pool’s name and its type (Stable pool**, Volatility pool*)
Chain - the network of the pool’s LP token
vAPR - the vAPR yield (more details available here)
Select % vote - choose the percentage of allocated votes
Votes sent - the percentage of votes given to the pool
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.
To participate in voting, select the desired pool, adjust the percentage of votes to be allocated, and click Vote, then sign the transaction in your wallet.
The total of all your votes across all pools must equal 100% for the Vote button to become active.
You can view detailed information about the votes cast by expanding the Votes sent menu.
To cancel participation in the current voting for a selected pool, click Reset.
By confirming the cancellation of votes, you withdraw all your votes from the chosen pool. To continue, click OK and sign the transaction in your wallet.
