veNETT Staking
Stake NETT into veNETT to boost yield farming and participate in governance
veNETT is a staking option that rewards long-term stakers of NETT with boosted NETT farms as well as voting power for future governance.
- Stake NETT into veNETT to accrue veNETT over time
- veNETT is neither transferable nor tradable due to the design of the smart contract, i.e. they are locked in the private wallet of the user.
- The more veNETT you accrue in your wallet the higher your NETT in selected farms will likely be
- You can speed up your veNETT by engaging a speed up accrual rate
- veNETT will also provide voting power for future platform governance
veNETT will incentivize farmers to stake their NETT instead of selling them
- Stake NETT into veNETT to earn veNETT over time
- You can withdraw your staked NETT any time. However, your accumulated veNETT will drop to 0 as soon as you unstake any amount
- You need to claim veNETT manually for applying a
Boost APR
to the farms marked withBoost
Boost APR
will increase your NETT rewards- The higher your veNETT share the higher your share of the boost rewards
- Farmers are now incentivized to stake NETT so they can earn more NETT
Boosted farms have fixed NETT emissions, shared between
Based Rewards
and veNETT Rewards
pools. Boosted farms have a Boost Factor
, e.g. 1.5, which measures the total rewards available to veNETT holders vs non-holders. - Split of veNETT vs Base Rewards are determined by a
veNETTShareBp
setting configured at a farm level and managed by Netswap team. - The farm factor measures the proportion of total rewards vs the base rewards emitted to the farm. E.g. for a farm that rewards 50% Base + 50% veNETT pools, the farm factor = 100 / 50 = 1.5X. Base APR follows regular yield farming calculations.
With veNETT you will unlock the access to 50% of the NETT rewards that are directed to a farm.
- Users receive a share of rewards proportional to their LP token share in the yield farm. veNETT APR is proportional to the
User Farm Factor,
which is the square-root of their LP balance multiplied by veNETT balance. Farm Total Factor
is then the sum of allUser Farm Factor
. Full equation shown below:

Full equation of user rewards per seconds
- Base rewards accounts for 50% of the NETT rewards(or otherwise stated as
1-veNETTShare
) nettPerSec
is set by the Netswap team and the same for all participants in the farmuser.liquidity
is the amount of LP tokens that a given user stakespool.totalLiquidity
is the sum of alluser.liquidity
for a given farm- A participant's % of base rewards is then
user.liquidity / pool.totalLiquidity
- veNETT rewards accounts for 50% of the NETT rewards(
veNETTShare = 50%
) user.veNETT
is the amount of veNETT that a given user has in the walletUser Farm Factor
equal tosqrt(user.liquidity * user.veNETT)
pool.totalFactor
is the sum of all farm factors for everyone in a given farm- A participant's % of veNETT rewards = their percentage of
pool.totalFactor
- This incentivizes participants to accumulate more veNETT, as
user.veNETT
has an equal weight in the veNETT rewards asuser.liquidity
Let's say the
veNETTShareBp
is set to 50%.Let's say Alice has
1000 veNETT
in the wallet and deposits 1 LP token
, Bob has 100 veNETT
in the wallet and deposits 10 LP token
.Thus Alice has only ~9.09% of LP tokens, but has a larger stake amount of veNETT and therefore receives ~29.5% of total rewards.
Text | LP | veNETT | Factor | Base Rewards | veNETT Rewards | Total Rewards |
---|---|---|---|---|---|---|
Alice | 1 | 1000 | ~31.62 | ~0.45 | 2.5 | ~2.95 |
Bob | 10 | 100 | ~31.62 | ~4.55 | 2.5 | ~7.05 |
Total | 11 | 1100 | ~63.25 | 5 | 5 | 10 |
Let's say Alice has
1000 veNETT
in the wallet and deposits 10 LP token
, Bob has 100 veNETT
in the wallet and deposits 1 LP token
.Thus both Alice and Bob have veNETT balance proportional to their LP tokens, and therefore receive a proportional share of total rewards.
Text | LP | veNETT | Factor | Base Rewards | veNETT Rewards | Total Rewards |
---|---|---|---|---|---|---|
Alice | 10 | 1000 | 100 | ~4.55 | ~4.55 | ~9.1 |
Bob | 1 | 100 | 10 | ~0.45 | ~0.45 | ~0.9 |
Total | 11 | 1100 | 110 | 5 | 5 | 10 |
Example Ⅲ
Let's say Alice has
0 veNETT
in the wallet and deposits 10 LP token
, Bob has 100 veNETT
in the wallet and deposits 1 LP token
.Thus without any veNETT in the wallet to stake, Alice will only receive
45.5%
of total rewards despite providing 90.9% of LP tokens.Text | LP | veNETT | Factor | Base Rewards | veNETT Rewards | Total Rewards |
---|---|---|---|---|---|---|
Alice | 10 | 0 | 0 | ~4.55 | 0 | 4.55 |
Bob | 1 | 100 | 10 | ~0.45 | 5 | 5.45 |
Total | 11 | 100 | 10 | 5 | 5 | 10 |
Boost farms will be selected from current 6 regular farms. And more farms will likely be added at a later date.
veNETT will be an important part of utilizing NETT in Netswap eco. It will incentivizes farmers to not sell their NETT rewards as:
- The more NETT you stake into veNETT, the more veNETT you will earn over time
- The more veNETT you accrue in your wallet, the higher your NETT farming yields will be
- Your accumulated veNETT will drop to 0 as soon as you unstake any amount of NETT
- The more veNETT you have the more voting power you will receive in the future governance
To activate the boost for farming, you first must accrue and claim your veNETT through staking your NETT into veNETT staking pool. Once you have staked NETT you will start accrue veNETT over time and your can press the Claim button to yield any accrued veNETT.
- Harvested veNETT will act as a receipt and automatically apply a boost to selected farms
- veNETT is non-transferable, you cannot trade veNETT
If you unstake any amount of NETT from veNETT staking pool, you will lose all of your accrued veNETT
veNETT Stakers will receive veNETT at a fixed rate, up to a cap of around 100x their staked NETT.
- The base rate for veNETT will be: 0.000003170979198376 veNETT per sec per NETT.

It takes you around 365 days to hit the max amount of veNETT you can accrue.
veNETT stakers can boost their veNETT accrual rate through a speed up mechanism:
- Speed up rate for veNETT will be: 0.000006341958396752 veNETT per sec per NETT.
- veNETT Speed Up doubles the Base Rate (2x)
- You can increase your veNETT accrual by 2x for every 15 days.
- You will need to top up at least 5% of your staked NETT in a single transaction every 15 days to activate the Speed Up
An example of veNETT accrual with the Speed Up:

You need to top up more NETT to your existing staked NETT to activate a accrual boost of veNETT.
- Top up at least 5% of your existing staked NETT to activate this boost
- The Speed Up mechanic is there to allow for new users to catch up with existing veNETT stakers
- Every veNETT Speed Up Booster will last for 15 days
Your speed boost can be monitored on the veNETT staking page, there is a countdown timeline tracking the remaining speed boost you have until you need to top up 5% more.
- veNETT holders will receive governance privileges, to be defined in future scope.
- 1 veNETT = 1 voting power
- Unstake from veNETT staking = lose all of your voting power
Last modified 1yr ago