How it works?

Cast Strategically, Reap Rewards

🚀 Bribe Market 2.0 is in the works! Keep an eye out for exciting updates...

🧠 The Concept

Bribe Market is an innovative platform crafted to boost both individual and protocol engagement by offering incentives for strategic gauge voting. This mechanism steers reward inflation in veTokenomics protocols, playing a pivotal role in enhancing pool liquidity. Born from the strategies seen in the Curve Wars, this approach has been embraced by various veTokenomics systems.

🛠 Operational Framework

• Bribe Market operates via smart contracts, with dedicated contracts for each veToken protocol. It monitors the underlying gauge voting contract to track user votes in the current cycle. Reward distribution is based on the incentivizer's set vote value and the number of remaining cycles.

• The system runs in weekly cycles, concluding every Thursday at 00:00 UTC. Users can collect their rewards at cycle turnover, with amounts determined by voting activity and capped by the maximum per-vote reward.

⚠️ Note: Given the constraints of the underlying voting contracts, weekly reward claims are mandatory. This is a consequence of Bribe Market's fully on-chain nature.

💎 Prime Features

• Blockchain-Based: All incentive voting transactions are on-chain, fostering composability and automation.

• Adaptable: Reward providers can adjust their incentives, including modifying parameters for existing bounties after the initial week.

• Incentive Control: Providers can establish a maximum reward price for optimal voting.

• Extended Planning: Providers can pre-set multiple cycles, eliminating the need for weekly replenishments.

• Exclusion Capability: Providers can designate addresses ineligible for rewards, preventing self-monopolization of incentives.

💰 Economic Model

Each Bribe Market contract (protocol-specific) carries its own fee structure. Fees are deducted upon reward claims, with a portion allocated to Stake DAO.

These fees support Bribe Market's weekly operational costs and ongoing protocol maintenance.

📊 Process Overview

Phase 1

Reward provider establishes a voting incentive on Bribe Market, specifying the gauge, cycle count, reward asset, quantity, and exclusion list.

Phase 2

Participant submits a vote for the designated gauge for the upcoming cycle.

Phase 3

Post-cycle Participant claims rewards via Bribe Market. Bribe Market consults the core voting contract and applies the fee to the claimed amount.