Rewards

There are 4 types of rewards on WoofSwap:

Emissions

Emissions refer to the distribution of new $WOOF tokens to liquidity providers who stake in active gauges as a reward for their participation in the protocol. Liquidity providers receive emissions proportional to their share of the total liquidity in a given liquidity pool.

Swap Fees

Users pay swap fees when they make trades against liquidity pools. The standard swap fee for stable pool is 0.02%. Swap fee for volatile pool is 0.2%. Swap fees accumulated in liquidity pools in WoofSwap are redirected to gauge voters. These fees are proportionally distributed to gauge voters based on each voter's veWOOFvoting weight of a gauge.

Bribes

Bribes are additional rewards that gauge voters may receive from external parties who wish to direct emissions toward a specific liquidity pool. These bribes are also distributed proportionally to each gauge voter's voting weight of a gauge.

Rebases

WoofSwap implements a weekly rebase mechanism to incentivize long-term locking of veWOOF and prevents dilution of voting power. The total supply of$WOOF tokens is dynamically expanded based on the total supply of locked veWOOF. veWOOF holders receive a share of rebase proportional to their voting power at the beginning of each epoch.