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Ura is currently in the first of its two-phase rollout, with the aim of creating a best-in-class trading experience for the community and a new liquidity hub for protocols.
For the first 6 months, Ura will be launched with only the DEX primitives: Swap, Provide Liquidity. During this phase, protocols and users can farm XP by swapping and providing liquidity, which determines their veURA airdrop allocation, granting them shared ownership of the protocol from Phase 2 onwards.
Here is a simplified example of how the XP program works:
- You will accumulate
XPfor swapping, providing liquidity and/or delegating.
XPallocated for each pool is calibrated using a performance-based adjustment mechanism.
- In Phase 2, you will be airdropped
veURAtokens based on your accumulated
XP; the more XP you earn, the more airdrop you get.
Note that pools will need to be whitelisted before they can be created. Ura will initially launch with a limited number of pools, and this number will progressively increase over time. Fees from liquidity pools in this period will be reserved for Phase 2.
The Ura XP system is targeted to roll out by 1 Dec 2023. All transaction volume will be recorded starting from Ura's launch on November 14th.
$URA LP emissions, pool voting and bribing will go live during Phase 2.
✅ $URA LP Emissions: Liquidity providers now earn weekly
$veURAholders can now receive anti-dilutive rebase for their ve-locked positions.
✅ Pool Voting:
$veURAholders can now vote on emission reward weights for pools to earn swap fees and voting incentives (bribes).
✅ Pool Bribing: Protocols (or any individual) can bribe
$veURAvoters to favor their token LPs, channeling more
$URAemissions to their pool, thereby attracting more liquidity providers and amplifying their liquidity.
Last modified 14d ago