Overview
StableSwap distributes rewards through four different mechanisms, each designed to incentivize specific behaviors and ensure protocol sustainability.
| Reward Type | Recipients | Tokens |
|---|
| Emissions | Liquidity Providers | STA |
| Fees | Voters | Pool tokens |
| Bribes | Voters | Any ERC-20 |
| Rebases | veSTA Holders | STA |
1. Emissions
For Liquidity Providers - STA distributed to liquidity pool stakers. The amount of STA distributed to each pool is proportional to voting power received from voters every epoch.
Key Features
Streaming Rewards - These rewards stream and are available for claim as they accrue. You don’t need to wait for the epoch to end.
Proportional Distribution - The more liquidity you provide in a pool, the larger your share of emissions.
Vote-Dependent - Pools with more votes receive more emissions from the weekly distribution.
80% of total weekly emissions goes to liquidity providers (~3.33M STA from ~4.16M STA/week average)
2. Fees
For Voters - Liquidity pool trading fees distributed to voters in pool tokens (e.g., if the pool is STA/WgUSDT, the distributed tokens are STA and WgUSDT).
Key Features
Streaming Distribution - The tokens stream proportionally to the voting power cast by a voter and the accrued amount of trading fees.
Claim Anytime - These rewards are available for claim as they accrue. They do not need to be claimed each epoch.
Original Tokens - Fees are distributed in the actual tokens being traded, not converted to STA.
Fee Structure
| Pool Type | Fee |
|---|
| Stable pools | 0.02% |
| Volatile pools | 0.2% |
3. Bribes
External Incentives - In addition to fees, liquidity pools allow external rewards from anyone (known as bribes). Bribes can be added to all gauged pools and are distributed only to voters on that pool, proportionally to their share of pool votes.
Key Features
Any Token Accepted - Bribes can be deposited in any ERC-20 token, providing flexibility for incentivizers.
Deposit Anytime - Bribes can be deposited at any point in the epoch, even after voting has started.
Epoch Flip Distribution - These rewards are available for claim after the epoch flips (weekly), and are proportional to the voting power cast by a voter (veSTA).
Who Can Bribe?
Protocols - Projects seeking liquidity for their tokens
LPs - Liquidity providers wanting to boost their pool’s emissions
Anyone - Any user can incentivize votes for any pool
Historically, pools receive a multiple of the bribe value back in STA emissions, making bribes an efficient way to build liquidity.
4. Rebases
For veSTA Holders - STA distributed to veSTA holders to reduce voting power dilution.
Key Features
Anti-Dilution Mechanism - Rebases compensate veSTA holders for the natural decay of their voting power over time.
Streaming Rewards - These rewards are available for claim as they accrue and stream proportionally to all veSTA holders.
Proportional Distribution - Distribution is proportional to your veSTA balance relative to total veSTA supply.
15% of total weekly emissions goes to veSTA holders (~624,000 STA from ~4.16M STA/week average)
Lock your STA for longer periods to maintain higher voting power and earn more rebases.
Reward Comparison
| Reward Type | Recipients | Distribution | Claim Timing | Tokens |
|---|
| Emissions | Liquidity Providers | Streaming | As they accrue | STA |
| Fees | Voters | Streaming | As they accrue | Pool tokens |
| Bribes | Voters | Per epoch | After epoch flip | Any ERC-20 |
| Rebases | veSTA Holders | Streaming | As they accrue | STA |
How to Maximize Rewards
- Provide Liquidity - Add liquidity to pools to earn emissions and trading fees
- Lock STA - Lock STA for up to 4 years to get veSTA and unlock voting
- Vote Strategically - Vote for high-volume or well-bribed pools to maximize fee and bribe rewards
- Maintain Your Lock - Consider re-locking or extending to maintain voting power and rebase rewards
- Claim Regularly - Claim your rewards regularly to compound or use them in the protocol
Reward Claiming
All rewards can be claimed easily through the StableSwap dApp interface:
LP Emissions - Claim your STA emissions from liquidity pools through the Rewards section
Trading Fees - Claim trading fees from pools you voted for
Bribes & Rebases - Claim bribe incentives and rebase rewards through your veSTA dashboard
All reward claiming is gas-efficient and can be done with a single transaction through the dApp.
Key Points
- Four reward types: Emissions, fees, bribes, and rebases - each serving a specific purpose
- Participants can earn from multiple sources simultaneously
- Most rewards stream continuously and can be claimed anytime
- Understanding reward mechanics helps maximize your returns
