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Overview

StableSwap operates under decentralized governance powered by veSTA (vote-escrowed STA) tokens. Long-term stakeholders have the greatest influence over protocol decisions. The longer you lock your STA, the more voting power you receive, aligning governance with long-term protocol success.

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Obtaining veSTA

  1. Lock STA tokens - Choose a lock period between 1 week and 4 years
  2. Receive veSTA NFT - Get a non-fungible token representing your voting position
  3. Gain Voting power - Your voting power is proportional to amount locked and time remaining

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Governance Powers

veSTA holders can vote on: Emission Distribution - Direct weekly STA emissions to specific liquidity pools through gauge voting Protocol Parameters - Adjust fees, emission rates, and other protocol settings Treasury Management - Approve spending from the protocol treasury for development and partnerships

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Voting Mechanics

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Gauge Voting

Every epoch (1 week), veSTA holders vote to direct emissions:
  1. Vote with veSTA NFTs - Allocate your voting power to preferred liquidity pools
  2. Pools Receive Emissions - Pool rewards are proportional to votes received from all veSTA holders
  3. Voters Earn Rewards - Receive 100% of trading fees + bribes from the pools you voted for
You can only vote or reset ONCE per epoch (7 days). Plan your strategy carefully.

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Proposal System

For protocol changes beyond emission distribution:
  1. Proposal Creation - Requires minimum veSTA holding to create a proposal
  2. Voting Period - Standard 7-day voting window for community participation
  3. Execution - Successful proposals are implemented via timelock for security
The timelock mechanism ensures that the community has time to react to approved changes before they take effect.

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Voter Benefits

Trading Fees - Earn 100% of trading fees from the pools you vote for. Unlike other protocols that take a cut, StableSwap gives all fees to voters. Bribes - Collect external rewards from protocols seeking votes. These can be in any token, creating diverse income streams. Rebase Rewards - Receive a share of weekly emissions (15% of total) proportional to your veSTA holdings. This helps offset voting power decay.

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Governance Structure

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Voting Power Mechanics

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Linear Decay

Your voting power decreases linearly over time as your lock expiration approaches. For example, if you lock 10,000 STA for 2 years (104 weeks), you’ll have 5,000 veSTA initially. After 1 year passes (52 weeks remaining), your voting power decreases to 2,500 veSTA. You can extend your lock at any time to maintain or increase your voting power.

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Voting Power Distribution

Lock DurationInitial Voting PowerAfter 1 YearAfter 2 YearsAfter 3 Years
1 year2,500 veSTA0 veSTA--
2 years5,000 veSTA2,500 veSTA0 veSTA-
4 years10,000 veSTA7,500 veSTA5,000 veSTA2,500 veSTA
Assumes 10,000 STA locked initially

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Governance Best Practices

Lock Early - Lock STA early to maximize your voting power and rewards over time Vote Strategically - Analyze pool volume, bribes, and incentives before voting Extend Locks - Consider extending your lock to maintain voting power Participate Actively - Engage in governance discussions and stay informed on proposals

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Epoch Schedule

  1. Day 1-7: Voting Period - Cast votes for your preferred pools throughout the week
  2. End of Epoch: Epoch Flip - Voting tallied, emissions calculated, bribes distributed
  3. New Epoch Begins - Previous votes remain active unless reset, new voting period starts
Remember: You can only perform ONE action per epoch (vote, reset, transfer, or merge)

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Claim Your Rewards

You can claim your governance rewards at any time through the StableSwap interface: Trading Fees - Claim trading fees from the pools you voted for Bribes - Claim bribe incentives from protocols seeking votes Rebases - Claim rebase rewards to maintain voting power

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Key Features

Decentralized Control - No single entity controls the protocol. All decisions are made by veSTA holders through voting. Long-term Alignment - The lock mechanism ensures that voters have long-term interests aligned with protocol success. Economic Security - Governance attacks require significant economic commitment, making them expensive and risky. Flexible & Adaptive - The protocol can adapt to market conditions through community-driven parameter adjustments.
For more information: