Sirius Finance
  • Welcome to Sirius Finance
  • Get started
    • What is stablecoin AMM?
    • Why Sirius Finance?
    • Why on Astar Network?
    • Sirius Finance pools and algorithm
    • How to gain SRS&veSRS?
    • How does voting right work?
    • Roadmap
  • FAQ
    • Why my $ORU unlock date keep extending?
    • How does the voting mechanism work?
    • Why did my transaction fail?
    • How does unstable crypto pool work?
  • User Guidance
    • Add Astar Network to yourMetamask
    • Add assets to your Metamask
    • Create a Polkadot.js wallet
    • Transfer assets to Astar Network
    • Swap to have the best combo of assets
    • Gain 4SRS LP tokens
    • Earn SRS
    • Join the governance and vote
    • How to withdraw your assets
    • Why is veSRS worth earning
  • Risks
    • Risks of using Sirius Finance
    • Permanent loss of a peg
    • Audits
  • Join Sirius Community
    • OG enrollment program
    • Kickoff rewards program
    • Early adopter program
  • Development
    • Smart Contracts
      • Swap
      • Pool
      • Farming
    • Frontend
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  1. User Guidance

Why is veSRS worth earning

veSRS holders can gain a boost factor up to 3x and earn extra trading fees(when the admin fee is changed by governance in the future).

More importantly, veSRS holders can vote on various DAO proposals, and pool parameters which include but are not limited to:

Admin fee percentage;

Pool weight;

Amplification coefficient;

Add or remove metapools and tokens;

Preferred right for bonus rewards;

…

As more pools are added and more assets are bridged to Astar Network, voting rights will become increasingly valuable to decide how future rewards will be distributed.

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Last updated 3 years ago