Try Quests to earn cryptoSolana-veSBR Analysis
-- Saber is an automated market maker (AMM) built on Solana that provides cross-chain liquidity for stablecoin pairs such as UST/USDC. -- Liquidity providers earn yield in the form of the protocol’s native SBR token. -- Until recently, the core development team set the reward allocations for each liquidity pool. -- Now that protocol governance is live, these decisions are in the hands of the community - SBR token holders. -- In order to cast votes for which pool(s) should receive rewards (via the “gauges”), -- users must lock SBR tokens to receive voting escrowed Saber - veSBR. -- Locking SBR for longer periods (5yr maximum) grants the token holder more voting power - more say in which liquidity pool gets the most SBR rewards. -- Once votes are cast and the next epoch begins, the new rewards distribution is applied to the liquidity pools. 1 epoch = 1 calendar week. -- As of 24 February 2022, close to 40% of the total SBR token supply is locked in protocol Governance. -- For more information on the Voting Escrow System, please see the Tribeca documentation : https://docs.tribeca.so/voting-escrow -- Hint (Locker): https://solscan.io/tx/5m3cXquqMncfCgEArC5AHnoZMYUckPzJcJ3FFDhiEuDjBNRB9odCmVDygBk22C7AivGMF4yM157NaPbpR3ekkebH -- Hint (Gauges): https://solscan.io/tx/5ScNj5VwbuV5ahx1WwnW82F6BfAXXQhppgnj3wtJqWAqFs4W4p6LvcF2Zx4G4hTJbbQuKamaSn3Tgcios8xEGKUW -- What was the total supply of veSBR at the end of each of the last two Epochs (4 & 5)? -- Create a pie chart showing the distribution of veSBR (top 20 wallets) for Epochs 4 & 5. -- How did these wallets vote? Did they vote for the same gauges? Or did they choose to send SBR rewards to different pools?