Bribe

Bittensor's Metadex

Gauge Voting

In order to attract deep liquidity to facilitate low-slippage trading, LP token holders will be rewarded in emissions that are stored in the associated gauges. Emissions come in the following various forms:

• Additional Trading Fees: Determined by Pool Creator when the pool is initialized to specify a further split of the trading fees to be allocated to the voters. For example, if the Pool Creator sets a 60% split, 60% of the trading fees will go to the LPs and the remaining 40% will be distributed to the voters for this gauge proportionally to their votes.

• External Bribes from Pool Creator: Deposited by Pool Creator which can be in any form not limited to external protocol tokens, dTAO etc.

• Gauge Emissions from Backprop Subnet: Directed from the smart contract miners on Backprop Subnet, which is determined by the Validators when counting the votes for the miners. More information can be found in the following page

Rewards in Backprop Subnet and role of Validators

In order to earn bribes through gauge voting, users have to

• Obtain and lock Backprop Subnet Token to receive vote-escrowed Backprop Subnet Token

• Vote for your desired gauges

• Receive bribes every weekly epoch

• Withdraw the bribes instantly from the gauge or recompound the earnings

Bribe Management

As a pool creator, deposit bribe tokens and manage your bribe disbursement schedule to attract more votes to the gauge of your LP.

Lock

Vote-escrowed Backprop Subnet tokens (or ve-dTAO) shall be the sole token that will used for voting. For more information, please visit the following page that explains more about the voting power.

Voting mechanism and Tokenomics of Backprop Subnet Token