Governance
Last updated
Last updated
Governance will be built in tandem with community participation and will not be rushed. In the meantime, BeraVote will be used for gasless off chain voting here:
See the content of the latest governance proposal below:
The BURR Token - the core of our ecosystem - is the reward token for LPs and BURRRRv holders.
BURR is needed to acquire BURRRRv. To ensure sustainable price development, the BURR Token is burned when exchanged for BURRRRv. The conversion ratio from BURR to BURRRRv is always 1:1.
BURRRb is the booster for the truly hungry bears (read: pool operators).
BURRRb is minted by depositing BERA, which then can be used to provide a rewards boost while you provide liquidity in a pool. You can use your BURRRb to boost BURR emissions towards a pool for 2, 4, or 6 weeks. The size of the extra rewards depends on two factors:
The duration of the boost
The number of BURRRb you mint (via BERA)
The longer and the more tokens you use, the greater the boost.
BURRRRv - Vesting for passive income, voting power, and more
BURRRRv will be staked 1:1 for BURR. The lock periods will be as follows:
4 weeks
3 months
9 months
12 months
The actual voting power will be determined as a percentage based on the underlying dollar value and the lock period. For example:
1,000 $ in Burr converted to BURRRRv
4 weeks: 25%
3 months: 50%
9 months: 75%
12 months: 100%
BURRRRv can be unlocked at any time, but the already paid emissions and a penalty based on the early unlock will be withheld from the underlying BURR. The voting power will decay linearly based on the time, till the unlock of the underlying BURR is progressed.
