Aquarius voting
Last updated
Last updated
Aquarius empowers the AQUA-holding community to vote on where they’d like to direct liquidity across the Stellar native order book DEX and Aquarius AMM. Users select the markets they value most by placing votes using AQUA and ICE tokens.
By using the Voting tool, Aquarius users allocate AQUA and ICE to their preferred markets. If a market receives enough votes, it becomes eligible for AQUA SDEX & Aquarius AMM rewards.
– Distributed automatically every hour to liquidity providers on the Stellar order book.
– Accrued every block for liquidity providers and must be manually claimed.
Voting occurs entirely on the Stellar blockchain, ensuring that votes are immutable and verifiable. The system leverages the claimable balance operation, allowing AQUA and ICE holders to reclaim their tokens after a set period. Once reclaimed, these tokens can be used again.
When a user selects market pairs and commits AQUA or ICE to support them, the voting platform generates transactions containing claimable balances. These transactions are submitted to the Stellar network and processed in the next available ledger (typically within 5 seconds). Once submitted:
Votes cannot be altered or tampered with.
Votes remain locked according to the parameters of the claimable balances.
For a market to qualify for SDEX & AMM rewards, it must receive at least 1% of all votes cast for liquidity voting. For example:
If 1 billion AQUA is used for liquidity voting, a market must receive >10 million AQUA votes to become eligible for rewards.
This system allows up to 100 markets to receive AQUA rewards at the same time.
Once a market becomes eligible, the assigned rewards depend on its ranking:
A market receiving 5% of total votes earns twice as much as a market with 2.5% of votes.
To maximize rewards for your preferred markets, vote to boost their ranking.
The maximum daily reward share for a single market is 20%. For example:
If 7 million AQUA is allocated daily to SDEX & AMM rewards, a single market can receive a maximum of 1.4 million AQUA per day.
Votes exceeding the 20% cap do not further increase rewards for that market.
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