Tokens
1. HYBR — The Native Utility & Governance Token
HYBR is the core asset of the Hybra Finance ecosystem. It underpins every layer of the protocol—liquidity incentives, fee capture, governance, and future product expansion.
1.1 Supply & Emissions
Initial supply: 1 billion HYBR.
Genesis distribution: Liquidity providers, community airdrops, ecosystem growth fund, and protocol treasury.
Emission schedule: Weekly emissions taper according to a pre‑set decay curve. Emitted HYBR is directed to liquidity pools via gauge voting .
1.2 Core Utilities
Utility
Detail
Trading incentives
Reward LPs in pools selected by veHYBR voters.
Governance
Token holders may create and vote on protocol improvement proposals once they convert to veHYBR.
2. veHYBR — Vote‑Escrowed HYBR
veHYBR is the vote‑escrowed version of HYBR. It exists as an ERC‑721 NFT, making each lock position transferable, mergeable, and tradable on secondary markets.
2.1 Creating veHYBR
Lock window: 1 week ≤ lock ≤ 104 weeks (≈ 2 years).
Voting power multiplier:
veHYBR = HYBR_locked × (lock_time / 104 weeks)Example: Locking 1 000 HYBR for the full 2 years grants 1 000 veHYBR; locking the same amount for 26 weeks yields 250 veHYBR.
2.2 Linear Decay & Relocking
veHYBR voting power decays linearly to zero as the lock approaches its end. Holders can extend or relock at any time to maintain or increase their voting weight.
2.3 Rights & Earnings
Benefit
Explanation
Gauge voting
Each epoch (weekly) veHYBR holders direct emissions to liquidity pools.
Bribe market
External protocols may attach incentives to pools; veHYBR voters receive 100 % of those bribes.
Governance
veHYBR is the sole voting asset for protocol proposals and parameter changes.
2.4 Minimum Thresholds for Protocols
Protocols that wish to list a gauge must hold at least 0.1 % of total veHYBR or borrow the voting power via bribe markets.
3. Open Liquidity Marketplace
The veHYBR gauge system functions as an on‑chain marketplace for liquidity. Projects compete for veHYBR votes by:
Accumulating veHYBR (buy → lock), or
Offering bribes (pay stablecoins/HYBR to voters).
This dynamic ensures capital is continuously steered where it is most valued by the market.
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