dICE & gdICE
dICE and gdICE represent delegated ICE for markets and governance. They let delegates vote on behalf of holders.
Last updated
dICE and gdICE represent delegated ICE for markets and governance. They let delegates vote on behalf of holders.
When ICE is delegated, it is represented by special non-transferable tokens inside the Aquarius system. These tokens allow delegates to vote on behalf of others without ever taking ownership of their ICE.
There are two kinds of delegated tokens:
Purpose: Market voting
What it represents: The upvoteICE delegated by holders to a delegate.
How it’s used: Delegates use their dICE to vote on which liquidity pools receive AQUA emissions.
Rewards: Any bribes or incentives tied to market votes flow back to the original ICE holder (the delegator), not to the delegate.
Purpose: Governance voting
What it represents: The governICE delegated by holders to a delegate.
How it’s used: Delegates use their gdICE to vote on DAO proposals, parameter changes, or upgrades to the protocol.
Non-transferable – dICE and gdICE cannot be moved or traded; they only exist within Aquarius to reflect delegated power.
Minted/Burned automatically – created when ICE is delegated and removed when delegation is withdrawn.
Delegate-only – visible in the delegate’s balance and usable only for casting votes.
Control stays with the delegator – delegators can revoke or reassign at any time (with a 24-hour cooldown).
Transparency – anyone can see how much delegated power a delegate holds.
Security – delegates never own the underlying ICE; they only get temporary voting tokens.
Flexibility – by separating dICE and gdICE, delegators can assign different delegates for markets and for governance.
Last updated