Votium Protocol

An auction platform where CVX holders can delegate their voting power and receive compensation from buyers interested in amassing voting power.

Basics

• Based in:
• Started in / Announced on: 5-8-2021
• Testnet release:
• Mainnet release:

Audits & Exploits

• Bug bounty program can be found [insert here]. There are no bug bounties available for the Votium Protocol (13-6-2022).
• Scored 45% on DeFi Safety (13-6-2022):

"There are no audits available on Votium. Votium does not display any readily available software architecture documentation for its users. There are only brief descriptions of the buyers and voters roles and how to interact with the protocol but that does not constitute proper software architecture documentation. There is no software documentation covering the deployed codes of Votium. Only smart contract addresses and their Etherscan links are displayed. There is no evidence of testing in Votium's contracts repository. Votium has not undergone any Formal Verification."

Governance

Admin Keys

• From DeFi Safety (13-6-2022):

"Votium Protocol's admin controls can be found in their Multisig Admin Rights documentation. Each upgradeable contract is documented in the Multisig Admin Rights' section, with the functions and smart contract names which is good documentation. There are no Pause Control documentation available for Votium. There is an identification of a timelock on Votium's "Why Votium" page, where there is mention of a 10 day cooldown period. However, this is not enough documentation to receive full marks; giving functions and explanations on the timelock as well as which contracts are specifically affected by this cooldown would help users understand the feature better."

Token

Launch

• According to their announcement (5-8-2021):

"Votium currently does not need a native token and will not have one at launch."

Technology

• Whitepaper can be found here.
• Code can be viewed here. From DeFi Safety (13-6-2022):

"Votium's repository has 258 commits and 1 branch, which displays good development. Although Votium earns 100% score on this segment, it would be good to develop an extra branch or two to bring the development history to a better place."

Implementations

• Built on: Ethereum

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."

Oracle Method

• From DeFi Safety (13-6-2022):

"It is clear that Votium does not use oracles. This protocol does not provide front running mitigation techniques. Indeed, as a protocol that does not custody funds the potential for front running is minimal."

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found [here]. From DeFi Safety (13-6-2022):

"There is no team members from Votium that is publicly tied to the protocol."

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31