Votium Protocol
Basics
- Based in:
- Started in / Announced on: 5-8-2021
- Testnet release:
- Mainnet release:
- An auction platform where CVX holders can delegate their voting power and receive compensation from buyers interested in amassing voting power.
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
- According to their announcement (5-8-2021):
"Votium currently does not need a native token and will not have one at launch."
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on:
- Programming language used:
Transaction Details
How it works
- According to their announcement (5-8-2021):
"Votium delegators continue to earn 100% of the fees on their locked CVX (Currently 5%+1% of Convex’s revenue). Delegating to Votium only requires a trivial amount of gas to be paid once for the initial delegation transaction, and for claiming your rewards. Votium has no withdrawal fees, and a low performance fee applied to the winning bid. Excluding gas, there is no cost to use the platform unless you are the winner of an auction.
Votium uses snapshot to integrate with CVX voting. Snapshot allows addresses to vote while delegating, essentially disabling their delegation for the proposal on which they voted. To make sure we have the best forecast of voting power for potential buyers, Votium delegators who will vote while being delegated will sacrifice some of their rewards to the other delegators and will enter a cooldown period."
Fees
- According to their announcement (5-8-2021):
"There will be a 6% total platform fee on all winning bids, with 1% going to gas, and 5% going to the Votium team. The 1% is to reimburse gas for calling contract functions to gather and distribute rewards to delegators."
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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