$veLAIKA Role
veLAIKA is Laika’s meta-governance asset.
By locking $LAIKA you mint non-transferable veLAIKA and gain the right to route protocol emissions, set global parameters, and curate LaunchOS—earning a share of protocol revenue and posted bribes in return.
What veLAIKA governs (scope)
Gauge weights (StakeOS): route weekly protocol emissions across staking pools.
Global policy: epoch cadence, bribe windows, caps/decays, fee split policies, buyback schedules.
Launch curation: commit–reveal voting for Cabal launches (no interim tallies, anti-frontrun).
Protocol treasuries: reserves, ecosystem grants, program budgets, emergency pauses.
Principle: veLAIKA keeps the rails coherent so project DAOs (via veTOKEN) can operate sovereign economies within them.
What veLAIKA earns (incentives)
Protocol revenue share (per policy): a portion of fees routed to veLAIKA holders.
Bribes: pro-rata payouts from projects/third parties that incentivize your gauge votes.
Curation perks: earned access such as curated-launch alpha windows for aligned voters.
Rewards are settled per epoch and claimable in-app; all flows are on-chain and transparent.
Locking & voting power
Lock to mint veLAIKA: choose a duration (default range 30–1,460 days).
Convex curve: longer locks receive more than linear voting power (cap ~5× at 4 years).
Non-transferable: veLAIKA cannot be traded; influence is earned by commitment.
Snapshoted power: your voting weight is fixed at the epoch/proposal snapshot.
Early exit penalty: unlocking before expiry burns/forfeits a portion of the principal (policy-defined).
Exact curve & penalties are displayed in-app and governed on-chain. See StakeOS → Core mechanics for the formula.
Weekly lifecycle (holder runbook)
Re/Lock $LAIKA to adjust your horizon.
Vote gauges (StakeOS) to route next epoch emissions; optionally stake a position in Cabal curation.
Monitor bribes posted to pools; reweight toward best risk-adjusted outcomes (not only raw APR).
Claim protocol revenue + bribes at epoch rollover.
Review dashboards: pool health (lock rate, median duration), vote entropy, bribe efficiency.
Curation (LaunchOS)
Commit–reveal voting hides interim tallies; only the winner is revealed at the end of the round.
Randomized TGE window post-vote reduces sniping.
Perks for aligned voters: curated winners can grant an alpha window (e.g., 1-minute allowlist) to supporters per protocol policy.
Interplay with veTOKEN (project layer)
veLAIKA sets global rails and routes cross-project emissions.
veTOKEN governs a single project (treasury, incentives, module toggles) and may participate in curation.
Healthy outcomes emerge when veLAIKA rewards broad, long-duration locking at the project level (visible in pool analytics).
Defaults & thresholds (governance-tunable)
Epoch length: 7 days
Bribe window close: ~24h before tally
Fee split policy: shown live in the app; adjustments via protocol vote
Claim windows: continuous across epochs; unclaimed rewards accrue
Risks & safeguards (plain language)
No guarantees: APRs/revenues vary with market conditions and governance outcomes.
Locks are binding: early exit penalties apply per policy.
Bribes are final once an epoch starts.
Transparency: all votes, weights, and payouts are traceable on-chain; verify official links/contracts in-app.