Governance Model
Dual-layer, time-weighted, execution-first.
Protocol coherence is steered by veLAIKA; project sovereignty runs on veTOKEN. Macro rails stay consistent while each community operates its own economy.
Separation of concerns
Protocol (veLAIKA): StakeOS gauge weights, global params (bribe windows/caps, bonding-curve presets, DAO activation rules), LaunchOS curation, protocol treasuries.
Project (veTOKEN): local treasury spend, incentive schedules, bribe strategy, ShillOS budgets, upgrades/integrations.
Quick reference — locking parameters
Minimum lock
30 days
30 days
Maximum lock
4 years (1,460 days)
4 years (1,460 days)
Voting power formula
vePower = amount × 0.8 × (duration_days / 365)^1.322, capped at 5 × amount at 4 years
vePower = amount × 0.8 × (duration_days / 365)^1.322, capped at 5 × amount at 4 years
Early exit
penalty = amount × (remaining_days / total_days)
penalty = amount × (remaining_days / total_days)
↝ Notes
The convex curve (exponent 1.322) rewards longer commitments more than linearly; the 0.8 factor calibrates the 1-year point.
ve-assets are non-transferable; voting power decays as the lock approaches expiry. Extend/rel-lock to maintain vePower.
Early-exit penalties are forfeited per policy (default: burned).
↝ Examples (veLAIKA)
1,000 LAIKA locked
30d → ~29 veLAIKA
90d → ~126 veLAIKA
180d → ~314 veLAIKA
365d → 800 veLAIKA
2y → ~2,000 veLAIKA
4y → 5,000 veLAIKA (cap)
Early exit: lock 1,000 for 180d, exit at 90d → penalty = 1,000 × (90/180) = 500 forfeited; 500 returned; veLAIKA expires.
Governance flows
veLAIKA holders
Allocate weekly StakeOS emissions (gauges).
Curate LaunchOS (commit–reveal; winner only revealed).
Set protocol-wide params & fee routing schedules.
Receive: proportional protocol revenue + bribes (epochic settlement).
veTOKEN holders
Run their DAO (treasury, incentives, campaigns, upgrades).
Tune bribe posture to attract veLAIKA votes to their pool.
Receive: $LAIKA yield when their pool is funded + project-level distributions.
Participate in LaunchOS curation (where enabled).
Rewards and distribution
Staker rewards are proportional to commitment:
user_yield = pool_emission × (user_vePower / total_pool_vePower)This routes more value to organized, long-duration communities—not to mercenary TVL.
Secret curation (LaunchOS)
Commit–reveal with no interim tallies; only the winner is shown.
Reduces sniping & metagaming; losing projects aren’t publicly exposed and can reapply.
Aligned voters may receive alpha windows (policy-gated allowlists).
Vote-to-earn incentives
Bribes: any token can be posted to influence veLAIKA/veTOKEN direction; payouts pro-rata to supporting voters.
LaunchOS alpha: early TGE intel/allowlist for aligned voters (per policy).
StakeOS perks: enhanced multipliers or protocol top-ups to winning pools.