Ax11 Vote Subscription
Here’s the revised Voting section in GitBook format with clear separation between Pool Vote and Ax11 Governance:
Voters are able to withdraw fund anytime as Ax11 vote subscription doesn't required voters to lock their assets.
Voting in Ax11
Voting in the Ax11 protocol is based on linear decrease mechanics, incentivized by leverage and burning mechanisms. Higher leverage accelerates token burning, increasing voting power and encouraging long-term commitment.
Vote Mechanics
Voting Power Based on Leverage & Burning
1x Leverage → 10-year burn time
10x Leverage → 1-year burn time
100x Leverage → 1/10-year burn time
Higher leverage leads to greater voting power, reinforcing long-term commitment and token scarcity through burning.
Purpose of Voting
Voting in Ax11 is divided into two distinct categories:
Pool Vote (Emission & APR)
Pool voting determines Ax11 emission share, directly influencing APR and liquidity incentives. Participants in Pool Voting impact how Ax11 emissions are allocated across different pools.
Ax11 Governance (Protocol Direction)
Governance voting enables Ax11 holders to influence protocol development and strategic decisions, including:
Adjusting trading fee parameters
Modifying liquidity incentives
Enhancing protocol infrastructure
No direct incentives exist for participating in governance voting.
Voting Incentives
30% of trading fees are distributed to voters.
Higher burned Ax11 through leverage → Higher voting power.
Pool Vote participants benefit from optimized APR and liquidity incentives.
Ax11’s governance and voting system ensures capital efficiency, strategic direction, and long-term sustainability through an innovative leverage-based burning mechanism.
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