LP Revenue & Rewards

Unstaked LP

• Receive 90% of trading fees

• Remaining 10% is distributed to veHYBR voters of that gauge

Staked LP

• Receive rHYBR emissions, rHYBR is not transferable and can be converted in 3 below options:

• When claiming emissions, users choose one of three paths:

  • Lock as veHYBR (no penalty) , 1 rHYBR can be locked for a maximum of 2 years into 1 veHYBR.

  • Convert to HYBR (80% liquid, 20% penalty), 1 rHYBR can be converted to 0.8 liquid HYBR

  • Convert to gHYBR (no penalty, yield-bearing ERC20, appreciating value), The conversion ratio depends on the current underlying veHYBR-to-gHYBR ratio. Since gHYBR continuously accrues benefits, the amount of underlying veHYBR represented by 1 gHYBR increases over time, starting from 1:1 and gradually rising. As a result, the rHYBR → gHYBR conversion ratio decreases over time. The amount of gHYBR you can receive from 1 rHYBR is: 1 / (veHYBR per gHYBR)