Documentation Index
Fetch the complete documentation index at: https://docs.initia.xyz/llms.txt
Use this file to discover all available pages before exploring further.
To decide how much of the total
Weight Pool rewards each
rollup receives in a given stage, the system uses a gauge weight voting process.
This is similar to the one pioneered by Curve Finance for use with their
liquidity pools.
Voting Cycles
Voting on VIP gauges occurs at regular intervals called cycles. Every
VIP-whitelisted rollup has a “gauge” that determines the ratio of total Weight
Pool rewards it can receive. INIT and Enshrined Liquidity stakers can then use
their voting power to increase the weight of the gauges for their preferred
rollups. They can allocate their entire voting power to a single rollup’s gauge
or distribute it across multiple gauges. All gauge voting occurs on Initia L1.
Gauge Voting Power
For VIP Gauge Votes, a user’s voting power depends on their staking position.
For INIT staking, their VIP voting power matches their voting power in the
Initia L1 governance. However, for Enshrined Liquidity staking positions, the
system applies an adjustment factor to their voting power. This adjustment
factor varies for each staked LP token pair.
Example Scenario
Consider a case with 3 users and 3 rollups:
| User | Total Voting Power |
|---|
| User 1 | 30% |
| User 2 | 50% |
| User 3 | 20% |
Each user decides to vote on the gauges as follows:
| User | Rollup 1 Gauge | Rollup 2 Gauge | Rollup 3 Gauge |
|---|
| User 1 | 10% | 15% | 5% |
| User 2 | 25% | 25% | 0% |
| User 3 | 20% | 0% | 0% |
*Percentages represent the portion of each user’s total voting power allocated
to each rollup.
After the voting period ends, the final Weight Pool reward distribution is
calculated as follows:
| Rollup | Percentage of Total Rewards |
|---|
| Rollup 1 | 55% |
| Rollup 2 | 40% |
| Rollup 3 | 5% |
In this case, the Weight Pool rewards for the cycle will then be split 55:40:5.
