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Équilibre is a ve(3,3) AMM (Automatic Market Maker) designed to provide large liquidity & low swapping fees. Equilibre has implemented several improvements to its protocol to create a more secure and comprehensive application environment:
1. Improvements over Velodrome v1 1.1. The internal bribes contract has been modified to prevent double claiming of trading fees in the same epoch. Additionally, errors related to the difference in decimals of tokens when claiming rewards have been fixed. 1.2. The UI on the platform has been simplified to provide users with a more direct and straightforward interaction.
2. API and UX optimization 2.1. The impossibility of errors between volatility and stability when creating an LP. 2.2. No attachment between your veNFT and liquidity. 2.3. Simplification of processes when releasing your veNFT. 2.4. Other small optimizations such as routing optimization (support of tax tokens).
Lighter and simplified documentation has been provided to reduce the learning curve and help new users understand the ve(3.3) model and app flow.
Équilibre Finance uses two tokens to manage its utility and governance: - $VARA: ERC-20 utility token of the protocol - $veVARA: ERC-721 governance token in the form of an NFT (non-fungible token)
You can use our platform in the following ways:
1. Stake in any LP to earn VARA emissions. 2. Lock VARA to get veVARA. 3. Use veVARA to vote for gauges and govern over the VARA emissions distribution. 4. Claim all your rewards: 4.1. Emissions: Protocol's emissions assigned to every LP based on the total votes received during the previous epoch. 4.2. Rebase: A way to prevent the dilution of voting power over time. The more people locking VARA, the more rebase you will receive. 4.3. Bribes: Additional incentives/voting rewards offered to attract voters. 4.4. Trading Fees: Trading fees from the swap transactions related to the LPs you have voted for.
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