bveCATX
A Token to Further Incentive Voters
bveCATX
, a unique token in Catex's ecosystem, is crafted to incentivize gauges and pools for voters effectively. Designed as a non-liquid token, it offers the exclusive advantage of being redeemable for veCATX
at a 100% discount, aligning with our commitment to rewarding voter participation.
bveCATX
voting incentives in our weekly gauges are fueled by oCATX
redemptions. Specifically, 30% of these are utilized to buy back CATX
, which is then used to bribe as bveCATX
.
TLDR; bveCATX
is a erc20 wrapper of veCATX
To Redeem
Go to the options page
Select
bveCATX
and 'Swap bveCATX into veCATX'veCATX lock will now be viewable in the lock page
You'll be able to utilise the veCATX voting power in the next voting epoch, earning trading fees + incentives
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