📰Whitelisting & Gauge Weight

Whitelisting

Being permissionless, SolidLizard allows projects to get thier token whitelisted on the platform. In order to get whitelisted, a token must be submitted by a wallet having 0.5% of the total circulating supply of SLIZ . This requirement is meant to encourage a diverse range of tokens to be listed on the platform, which in turn can increase fees and attract more votes, potentially leading to a virtuous cycle of growth. Additionally, veSLIZ holders can downvote tokens that engage in unethical practices such as whitelisting fake tokens.

Gauge Weight

When a gauge on the platform receives votes from veSLIZ, it will receive more SLIZ rewards based on the total number of votes it received. These rewards are distributed based on the total value locked in the gauge and typically result in an annual percentage rate (APR). Thanks to this mechanism the most useful pools will get more rewards over time.