Vote escrow smart contracts
Last updated
Last updated
Plenty's ve system consists of several core and associated contracts working in tandem, to play out a model that enables bootstraping of liquidity through a vote-escrow mechanism.
The core contracts handle the base token minting and distribution across Gauges, vote escrow lockups, governance, AMM fee distribution, and deployment of the related core contracts. The Gauge and Bribe contracts are tied to the AMMs, with each AMM having one Gauge and one Bribe contract associated with it.
The AMMs (volatile and stable) are the associated contracts, and they are the primary store of liquidity. From a top level view, the AMMs (associated contracts) are the entities through which all liquidity flows through, and the ve system (core contracts) can direct this flow through its incentivization model.
| Contract | Description |
|---|---|
| Contract | Description |
|---|---|
| Contract | Description |
|---|---|
| Contract | Description |
|---|---|
PLY FA1.2
Base token of the system that is emitted weekly. It is based on the FA1.2 standard on Tezos.
VoteEscrow
Allows locking up of PLY tokens as vePLY NFTs. These vePLY tokens are based on the FA2 standard on Tezos. vePLY forms the primary governance token in the vote-escrow model.
Voter
Handles the voting for distribution of weekly PLY emissions across the gauges of the AMMs.
FeeDistributor
Collects and distributes fees from whitelisted Plenty AMMs to the weekly voters.
CoreFactory
Assists in addition (whitelisting) of new AMMs to the vote-escrow system by deploying the related core contracts mentioned below.
Gauge
Distributes weekly PLY emissions to the stakers of LP tokens of Plenty AMMs. Every whitelisted AMM has an associated gauge.
Bribe
Allows bribing (rewarding) voters of a specific AMM in a specific voting period (epoch).
AMM
A constant product market maker contract that charges a small fee for swaps between a token pair.
FlatCurve AMM
A stableswap contract that allows near 0 slippage swaps between co-related token pairs.
VESwap
Allows for exchanging existing PLENTY and WRAP tokens to the new PLY token.