Voting

The main purpose of the veNILE NFT is to direct emissions to LP token pairs. This is achieved through voting for the pair. Emissions are distributed proportionally to the total percentage of votes in the epoch.

The expected emissions can be calculated using a simple division formula as such:

$$emissions(PAIR) \ = \ (\% \ of \ total \ votes \ \div 100 \% ) \ * emissions(WEEK)$$

For example, in the first epoch 1,250 NILE will be distributed. If 10% of all votes are allocated to the vAMM-USDC/WETH pair; that pair will receive 125 NILE tokens distributed linearly throughout the epoch.