veLYNX

veLYNX uses a "ve(3,3)" mechanism, merging aspects of Olympus DAO's anti-dilution rebase model and Curve’s vote-escrow approach. By locking LYNX for veLYNX, holders receive rewards through trading fees and bribes from pools they support, as well as weekly rebases. Over time, veLYNX balances decrease, reflecting the diminishing voting power until the lock period ends.

veLYNX is a governance token in the form of an ERC-721 NFT. It enables holders to vote on liquidity pool gauges, access fee revenue, and earn bribes, thereby combining governance and financial incentives.

Bribes are additional rewards that liquidity pools or projects offer to attract votes from veLYNX holders, who influencing the allocation of LYNX token emissions towards their chosen pools. This mechanism allows pools to incentivize governance participation by creating a direct financial appeal for votes.

Bribes, along with trading fees, are distributed to veLYNX holders who vote for particular pools, aligning their interests with the performance of the pools they support. This model is inspired by similar vote-incentivizing mechanisms found in protocols like Curve Finance, but Lynex adapts it with ve(3,3) mechanics to balance the distribution of rewards and reduce dilution over time.