External Incentives

Maximizing Rewards Through External Incentives

While partner projects typically provide external incentives (formerly “bribes”), they aren’t the only ones who can. Any user can create external incentives to encourage voting for pairs with active gauges. Lynex also supports this by allocating a portion of oLYNX redemptions and treasury funds to incentivize specific pools, fostering active participation and sustaining a vibrant ecosystem.

Incentives Methodology

For Lynex’s external incentive methodology, we analyze gauge performance by assessing TVL efficiency and fee generation. Using an analytical sheet, the team manually places incentives to accurately reflect each gauge’s performance. In some cases, especially with partners, we engage in incentive-matching agreements to help kickstart new gauges, ensuring they attract attention and liquidity from the outset.

Claiming External Incentives

When an epoch flips, all rewards become instantly claimable. Simply visit the Rewards page, select the NFT used for voting, and claim your rewards.