Trading Fees

On UpDEX, those who vote for the gauge attached to a pool will receive all the trading fees generated by the pool. Liquidity providers receive UP and trading fees are given to those who vote for it thus creating a positive feedback loop where a pool generating a lot of fees will attract more voters and more UP incentives.
However, if a pool is not whitelisted or does not have a gauge attached to it, the trading fees are given directly to the liquidity providers. Additionally, anyone can deploy a gauge for a pool as long as both tokens are whitelisted. This ensures that liquidity providers are still incentivized to provide liquidity to new and emerging pools on the UpDEX platform.
veUP
Voting System
Last modified 6mo ago