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DAO
AshSwap DAO, or AshDAO as we like to call it, is a place for veASH holders to vote for specific metrics of AshSwap. The goal is to allow the community to govern the underlying protocol and create more utility for veASH holders.
Voting power is represented by the number of veASH one has. The more veASH, the higher the voting weight.
AshSwap has a fixed amount of total ASH emissions to farms, but the DAO decides the distribution ratio between farms. Every week at Thursday 00:00 UTC, users can vote. If one has already voted, he does not need to vote again if he does not want to change his vote. The more vote a farm has, the more ASH that farm receives.
For example, if the ASH emission is 300,000 ASH/week and the farm weights of the pools are:
- USDC/USDT/BUSD: 50%
- ASH/USDT: 30%
- EGLD/BUSD: 20%
The rewards distribution are:
- USDC/USDT/BUSD: 150,000 ASH/week
- ASH/USDT: 90,000 ASH/week
- EGLD/BUSD: 60,000 ASH/week
This is an implicit yield boost for veASH holders in addition to the primary Yield Boost mechanism. Why is that? If you are an LP in a pool and have veASH, you can vote for the pools you are in to direct more rewards to your pools and further increase your yields.

Step 1: Stake Governance

Step 2: Choose a farm that you want to vote for

Step 3: Confirm the transaction after you have entered the proportion of your veASH that wishes to vote for that farm and input it.
Please notice that you will only be able to change your vote 10 days after your previous one.

You are also able to track the Current DAO stats.

How to change your DAO vote
Even though AshSwap allows projects to create their liquidity pools and farms, it does not mean every farm will receive ASH rewards. For the farms to receive ASH rewards, they must be included in the list of ASH farms. Projects can create proposals to include their farms; if the majority of veASH holders vote in favor, the farms will be included and receive ASH rewards. How much ASH the farms receive again depends on the result of [Token Emission Voting].
This leads us to the Bribe mechanism.
Bribe is an interesting feature of the DAO for projects to leverage and for veASH holders to earn more yields. When a farm becomes an ASH farm, it receives ASH and dilutes the rewards of other farms. This, in a way, diminishes the benefits of other LPs who are likely also veASH holders. Voters, therefore, will be hesitant to vote for new farms first to be included and second to receive more rewards. But token owners can bribe them to vote in their favor.
This is also a tool for projects to compete and deepen their liquidity on AshSwap. Let’s take an example.
As far as we’re concerned, there are multiple liquid staking projects in the MultiversX ecosystem right now. As they compete for more TVL, one of the strategies is to provide more yields to their users, and an obvious way to do that is to encourage users to become LPs on AshSwap and earn some ASH tokens. But if their farms don’t receive ASH reward, it will not be attractive. They can then bribe veASH holders to vote in their favor. Who has more bribes are likely to receive more votes, provide more rewards to users, and be able to have an upper hand in the competition.
Last modified 2mo ago