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Token System

StableSwap uses STA as utility token and veSTA as governance token. STA Token - Used for rewarding liquidity providers through emissions veSTA NFT - Used for governance. Any STA holder can vote-escrow their tokens for up to 4 years and receive a veSTA NFT

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Core Mechanics

The protocol enables token swaps and generates fees by attracting liquidity on the Stable blockchain.

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How Emissions Work

  1. Lock STA - Participants lock STA to vote on the next epoch distribution of emissions, becoming veSTA Voters
  2. Vote for Pools - veSTA Voters vote on which pools receive emissions in the next epoch
  3. Earn Rewards - Voters are rewarded with 100% of protocol trading fees and any additional voter incentives
Every epoch, liquidity providers receive STA token emissions proportionally to the votes pools accumulate. Only staked liquidity (in protocol gauges) receives emissions.

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Protocol Participants

Protocols - Incentivize veSTA voters or accumulate veSTA to vote directly and build deep liquidity at low cost veSTA Voters - Lock STA to vote on emission distribution, earn 100% of trading fees, receive voter incentives (bribes), and get rebase rewards Liquidity Providers - Provide liquidity to earn STA emissions, receive trading fee share, and enable efficient token swaps Traders - Swap tokens with access to deep liquidity, minimal slippage, and competitive fees

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ve(3,3) Model

StableSwap implements the ve(3,3) model which creates a sustainable ecosystem by: Aligning Incentives - All participants benefit from protocol growth Capital Efficiency - Optimizes liquidity deployment through voting Sustainable Emissions - Long-term token holders control emission distribution The ve(3,3) model combines vote-escrowed tokenomics with (3,3) game theory to create a sustainable DeFi protocol where all participants are incentivized to contribute to its growth.

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Next Steps

  • Liquidity Market - Learn how liquidity is incentivized
  • Pools - Understand pool types and mechanics
  • Voting - Discover how voting works
  • Rewards - Explore reward distribution