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Vertex FinanceVertex Financeby0x3ACC73A5E87c24CDe92c69a52a9db9f5EE55294B0x3ACC…294B

Cross Chain Proposal #7 Allocation Points

Voting ended about 4 years agoSucceeded

Should we go with a 50x/5x allocation point (multiplier) structure?

Previously, PolyVertex had used 100x for natives, 5x for non-natives, and partnership pools were at 6-12x depending on the size of the partner. It seemed to work well, and PolyVertex still cranked out profits for a long time. I believe we should continue with this concept but adjust it for the new farming structure, since the quantity of native pools/farms is doubling.

I will be referring standard LP's as 2D liquidity and secondary market LP's as 3D liquidity. The idea is that staking a single asset is 1 dimensional. Staking an LP is 2 dimensional since it has two assets, but staking an LP of an LP is 3D, if you catch my drift.

Here is the proposed structure:

  • VERT --> 50x (1D Pools)
  • VERT-??? --> 50x (2D Farms)
  • VERT-???/??? --> 50x (3D Farms)
  • Partners --> up to 12x
  • Non-Natives --> 5x

Here is an example allocation point breakdown:

Asset          || AllocPt
=========================
VERT           ||  50x
VERT-WETH      ||  50x
VERT-WBTC      ||  50x
VERT-MIM       ||  50x
VERT-GMX       ||  50x
VERT-WETH/WETH ||  50x **
VERT-WBTC/WBTC ||  50x **
VERT-MIM/MIM   ||  50x **
VERT-GMX/GMX   ||  50x **
ARBIS          ||  12x
WETH-MIM       ||   5x
WETH-GMX       ||   5x
WETH-WBTC      ||   5x
WBTC-MIM       ||   5x
MIM-DAI        ||   5x
SPELL-MIM      ||   5x
WETH           ||   5x
WBTC           ||   5x
MIM            ||   5x
DAI            ||   5x
USDC           ||   5x
USDT           ||   5x
GMX            ||   5x
GOHM           ||   5x
SPELL          ||   5x
MKR            ||   5x
GRT            ||   5x
LINK           ||   5x

** NOTE: With EmpireDEX, we are permanently locking all VERT liquidity, including user created liquidity, so in order to cash out the LP's without breaking them, a secondary marketplace must form. This is done by pairing the locked LP with another asset to give the LP tradeable value. This relationship is denoted by VERT-???/??? where ??? is the asset. Cascading liquidity in this way separates liquidity dumping from the native token and thus creates a more sustainable farming experience. For more information, click here. **


How to Vote:

If you agree with this model, choose "Yes". If you believe you have a better idea, comment first your better idea below, then choose, "No. I have a better idea." If you wish to abstain but help quorum along, choose, "Abstain."

Vote wisely ;)

Off-Chain Vote

Yes.
1.3K 87.2%
No. I have a better idea.
0 0%
Abstain.
191.51 12.8%
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Timeline

Dec 28, 2021Proposal created
Dec 28, 2021Proposal vote started
Dec 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated