Understanding $SPLASH

The SPLASH token's main purpose is to attract liquidity providers and rule the protocol. It is also a crucial part of the Splash Protocol distributed business model.

Here are the utilities:

• Earning protocol fees

• Controlling SPLASH emission

• Voting for protocol changes

Utility

To get the utilities above, users must lock SPLASH tokens for up to 1 year in the VotingEscrowLock smart contract. The minimal locking time is 1 week. The longer the lock the more voting power and share a user gets.

$veSPLASH

Earning protocol fees

100% of all Protocol Fees can be claimed by veSPLASH holders every week.

Controlling SPLASH emission

SPLASH inflation takes place via gauges and liquidity providers can claim the newly issued tokens every week.

Understanding gauges

Voting for protocol changes

The voting utility is a subject of the V2 protocol release. More information about Voting will be released in Q2 2024.

There are two types of governance proposals:

• Proposals for changing protocol parameters

• Proposals to manage DAO treasury