Rewards

In Dystopia, a liquidity provider's income comes exclusively from DYST rewards. 90% of DYST emissions are allocated to liquidity providers, which is then split up and distributed by the results of the periodic veDYST gauge voting.

APR description

The calculation of the APR's range is determined by taking the price of the DYST token and the votes received by the liquidity pool. In the example below, the WMATIC-USDC pair has an APR range of 12% ~ 30%, showing the minimum and maximum APR the user can receive.

only 40% of rewards are received without any boosting, which is represented by the left number in the APR range; the right number shows the expected rewards with maximum boosting.

On the Vote page, Current APR shows the APR the vault is generating in the current epoch, while Expected APR shows a prediction of what the APR will be in the next epoch based on the votes the gauge has received. Both Current and Expected show the max boosted APR.

In the gauge APR details the boosted APR refers to the APR that is not generated directly by the Dystopia system of votes, boosting or farming rewards but by an external sources of income, in the case of the example below 5.57% APR is generated through the native yield from USD+

Boosting

Lockers can attach a veDYST NFT to any number of gauges to receive a boosted reward rate on deployed liquidity. Attaching a NFT to a gauge will provide a reward boost on deposits in the corresponding liquidity pool. The reward boost is subject to a variable rate that depends on several factors including the current prices of tokens, the token boosted APR, the DYST locked in your veDYST, the % of TVL using veDYST, and total gauge TVL.

Since all the elements mentioned above influence the dynamics of boosting some gauges will become easier to boost than others. Boosting is calculated according to the following formula:

It is necessary to pay attention to the mechanics of veDYST NFTs in order to properly utilize the boosting system. A veDYST NFT can be attached to any number of gauges, but a gauge can only have one veDYST NFT attached, so the user gets the most reward boost by concentrating their DYST into a single veDYST NFT. On the other hand having DYST spread out between more than one NFT could help manage risk when borrowing or lending.

Users can get boosting rewards without voting. To get maximum rewards, liquidity farmers will have to attach the veDYST NFTs to the gauge they provided liquidity for.

In order to concentrate the power of separate veDYST NFTs you can merge them together to achieve a higher reward boosting rate.

% of TVL

If a majority of the TVL is farming without veDYST, a user that uses a veDYST will receive the maximum reward boost. The difference between minimum and maximum APR will always be 2.5x, but the numbers will vary based on how many other veDYST is deployed.

veDYST rewards

10% of DYST emissions are distributed to veDYST. The APR of this distribution is shown on the Vest page. In general, the lower the % of DYST supply locked in veDYST, the higher the APR of the distribution to veDYST, making the incentives relatively more attractive to users to lock veDYST.