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  1. Ecosystem
  2. veBAL and Gauges
  3. veBAL

How veBAL Boosting Works

PreviousHow To Use veBALNextWorking Supply

Last updated 2 years ago

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As opposed to the initial liquidity mining incentives where a liquidity provider receives incentives based only on their share of the total liquidity, the veBAL system implements a multiplier based upon the time locking mechanism. Locking the same amount of BPT for a longer period will yield a higher incentive multiplier for a user.

Original Liquidity Mining:

BAL Mined = Pool′s Total Incentives ∗BPT HeldTotal BPTBAL \ Mined \ = \ Pool's \ Total \ Incentives \ * \frac{BPT \ Held}{Total \ BPT} BAL Mined = Pool′s Total Incentives ∗Total BPTBPT Held​

veBAL Liquidity Mining:

 BAL Mined = Pool′s Total Incenvites ∗ 0.4 ∗ BPT Staked ∗ BoostTotal Working Supply\\ \\\ \\ BAL \ Mined \ = \ Pool's \ Total \ Incenvites \ * \ \frac{0.4 \ * \ BPT \ Staked \ * \ Boost}{Total \ Working \ Supply} BAL Mined = Pool′s Total Incenvites ∗ Total Working Supply0.4 ∗ BPT Staked ∗ Boost​

Please note the maximum boost possible for liquidity mining incentives is 2.5x. For tooling, calculate your boost

The boosting mechanism theory is visualized by the graphic below. The fraction of a pool's working supply a user owns is based on upon their share of the respective pool, and their share of total veBAL. Continue reading through this boosting sections for further information on the

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Based upon this mechanism locking the same number of tokens for twice as long will result in twice the veBAL a user receives. The boosting proportion and governance voting are directly coupled with veBAL, however only governance is directly proportional.

here.
working supply.
View Graphic Equations
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