Voting and Boosts
Last updated
Last updated
The CNC locker contracts allows users to lock CNC for vlCNC. Additionally, it employs a series of boosts that get applied to the vlCNC balance.
This is an overview of how voting takes place in the Conic DAO.
CNC can be locked for a period of four to eight months. In exchange for locking a user will receive "vote-locked" CNC. This is a non-transferrable token (e.g. veCRV, vlCVX). After the lock period has expired, the user can withdraw the underlying CNC or relock it.
Voting takes place via .
Yes. The Conic Snapshot supports vote delegation. To delegate to the core multisig, please delegate to: 0xB27DC5f8286f063F11491c8f349053cB37718bea
Yes. Delegating vlCNC via Snapshot does not affect anything related to reward claiming on Conic.
Yes, check out the .
Yes. Similar to how holders can lock CVX across multiple locks on Convex for vlCVX, Conic also allows for multiple locks. These locks may vary in terms of CNC amount locked, lock duration and boost.
The CNC Locker employs several boosts by which vlCNC holders can increase their total vlCNC balance. All boosts are multiplicative.
This is a boost that is proportionally linear to the duration of the lock. This boost remains constant throughout the duration of a single lock. The duration of a lock ranges from 4 months up until 8 months.
There will be two boosts that get airdropped when the protocol gets launched. The airdropped boosts will be "one-time boosts" that can be applied to a single lock and must be claimed/applied to a lock within the first 6 months. The duration of the lock may be anything between 4 and 8 months.
The recipients of the boost airdrop will be:
v2 Locker vlCNC holders
Airdropped Boosts
v3 Locker Boost: 1.0 → 2.0
Standard Boosts
Lock Time Boost: 1.0 → 1.5
Conic LP Boost: 1.0 → 10.0
Conic LPs that have staked their Omnipool LP tokens will receive an additional boost on their vlCNC balance. This boost varies over time as it depends on a user's share of the total TVL that is held within Conic. For a detailed overview of the LP Boost, please refer to the .