Gauge Weight Voting
Gauge weight voting is a core governance mechanism of the Alvara DAO. Each epoch, veALVA holders vote to direct ALVA reward emissions toward specific BSKTs.
How It Works
An epoch begins (typically one week)
veALVA holders cast their votes, allocating their voting weight across BSKTs
At the end of the epoch, votes are tallied
ALVA rewards for the next period are distributed proportionally based on the vote results
BSKTs that receive more votes earn a larger share of the reward pool. This reward flows to the depositors (LP holders) of those BSKTs.
Why It Matters
Gauge weight voting is the mechanism that connects governance to capital allocation:
For investors: BSKTs with more gauge weight earn more ALVA rewards, making them more attractive to deposit into
For managers: Attracting gauge weight votes increases the rewards for their depositors, which in turn attracts more capital (higher TVL)
For voters: Directing rewards to well-performing BSKTs supports the ecosystem and rewards effective capital allocation
Viewing Voting Results
The Gauge Weight tab on the DAO page displays:
Vote distribution: A visual breakdown of how votes were allocated across BSKTs for any epoch
Results table: Token-by-token breakdown showing vote counts and percentages
Epoch history: Navigate between past epochs to see how voting patterns have evolved
Voting Strategy
When deciding where to direct your gauge weight:
Performance: BSKTs with strong track records may attract more capital and benefit the ecosystem
Manager quality: Consider the manager's track record, identity verification, and communication
Ecosystem value: Some BSKTs may align with broader protocol goals or fill gaps in the ecosystem
Self-interest: If you hold LP tokens in a BSKT, voting for it increases the ALVA rewards you receive as a depositor
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