Lybra Finance Docs V2
  • Background
    • Introduction
    • Welcome to the World of LSTs
    • Stablecoins on the Market
    • Interest-Bearing Stablecoin
    • Lybra, the Home of all LSTs
  • Overview
    • V2 Summary
    • Introduction to the Lybra Protocol
      • Lybra LST Vault & Pool Mechanisms
      • What is eUSD and How does eUSD Work?
      • What is peUSD and How does peUSD Work?
      • How can eUSD Stability be Ensured?
      • How to Maintain Fund Safety As Lybra Expands The Range Of LSTs That Can Be Used As Collateral
      • How does eUSD and peUSD work?
    • LBR and esLBR
      • Token Utilities
      • Protocol Revenues
      • Governance
  • Mechanisms
    • Minting
    • Rigid Redemption and eUSD Price Stability
    • Liquidation
  • Tokenomics
    • LBR Tokenomics
      • Token Allocation
      • Token Utilities
      • esLBR
        • Staking & Yield Boost
        • esLBR Advanced Vesting
        • dLP Design
  • Governance
    • Lybra DAO
    • Lybra Wars
    • Lybra Grants for Ecosystem Advancement & Development
  • supplement
    • Roadmap
    • FAQ
    • Contracts
    • Audits & Bug Bounty
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  • Governance with esLBR
  • Broad Scope of esLBR Voting
  • esLBR Voting Power Dynamics
  • Bribing esLBR Holders
  • The Impact of esLBR Votes on Vaults

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  1. Overview
  2. LBR and esLBR

Governance

esLBR and the Lybra DAO

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Last updated 1 year ago

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Governance with esLBR

Holding esLBR offers users the voting power to govern the protocol's direction. By holding esLBR, users can steer the Lybra community, treasury, and protocol's course while modifying its parameters.

Broad Scope of esLBR Voting

Users can utilize esLBR to vote on matters related to any LST vault, encompassing topics such as the acceptance of a specific LST asset, the mint limit of the chosen LST vault, and the emissions allocated to each LST.

esLBR Voting Power Dynamics

The voting power of a user is directly proportional to the quantity of esLBR they hold and the duration for which it is locked. Even those who do not possess esLBR can participate in the voting process using their LBR holdings.

Bribing esLBR Holders

LST vaults can incentivize esLBR holders to cast their votes in the vaults' favor by providing token rewards. The incentives that holders receive align with the amount of voting power they pledged in support.

The Impact of esLBR Votes on Vaults

An increase in esLBR votes for a vault enhances its weight within the system. As a result, the esLBR emission to this vault escalates, attracting more deposits. This dynamic interplay of votes and incentives paves the way for the fascinating evolution of the Lybra Protocol, known forthwith as the Lybra Wars.

Vault Voting