More work should equal more pay. More fire, more emissions. But 100% of the fees generated from the actions go to the voters. You say the people supplying and demanding will still get the steady heat brought by the conspicuous rewards the voters are collecting. I don’t understand. For instance, if I deposit in a Velodrome pool like WETH/ETH, and they write 43% APR or APY, I expect my interest.

But since Velodrome is highly incentivized, protocols can even use Velodrome as a launchpad, bribing to make the pool with their token receive more rewards. More rewards for that pool = more action, more supply and demand. But what happens if the pool I deposit in doesn’t collect the voters’ rewards? What exactly are emissions?

Emissions should reflect the activity a pool generates, plus any incentives given by protocols to voters. But it doesn’t seem structured that way. I understand it’s decentralized, but how do I know I’ll get the emissions rewards? These emissions rewards are the juice for Velodrome LPs.

Traders get more stability on trades, protocols gain attention and price action, voters are satisfied, but LPs may not even get steady rewards. So LPs need to show serious commitment to Velodrome to fully benefit from the incentives — 100% of the incentives the platform offers, plus influence. 

Damn, this is a big capitalist fork.

(VELO is used for rewarding liquidity providers through emissions. veVELO is used for governance. Any VELO holder can vote-escrow their tokens for up to 4 years and receive a veVELO NFT in exchange.)