Basic Overview

Fenix drives positive-sum interactions to maximise rewards for ecosystem participants; liquidity providers (LPs), protocols and veFNX voters.

Every epoch (1 week), veFNX holders vote to decide which pools will receive FNX emissions. The amount of emissions received by each pool is proportional to the amount of votes the pool accumulates.

• This generates FNX rewards for LPs, which builds liquidity for protocol and core ecosystem tokens.

To vote with veFNX, you must lock FNX up to a maximum of 6 months. Voters are rewarded (proportional to locked amount) with trading fees and voting incentives generated by the pool/s they vote for.

• Protocols deposit voting incentives to gain votes to their pools and to attract LPs to build liquidity through FNX emissions, and ultimately enables traders to swap their tokens.

This ensures that FNX emissions are constantly being utilised to build liquidity for pools that generate the most rewards for veFNX voters of time.