Laika Super App

Governance Model

Laika has two layers of governance. veLAIKA steers what is shared across the protocol, and each project's veTOKEN runs that project's own DAO.

Who decides what#

  • veLAIKA (protocol). Weekly votes on which tokens receive LAIKA emissions, Cabal launch curation (initially veLAIKA-only, with all ecosystem veTOKENs coming soon), and proposals in the LAIKA DAO.
  • veTOKEN (project). Its DAO's treasury spending, incentives, ShillOS budgets, pool fee and fee routing, and its application for a veLAIKA gauge.

Protocol settings such as accepted incentive tokens, Laika's fee rates and gauge approvals are currently managed by Laika.

Mainnet locking parameters#

Lock veLAIKA per LAIKA staked veTOKEN per token staked
No lock 1× 1×
15 days 1.5× 1.5×
30 days 2× 2×
45 days 2.5× 2.5×
60 days 3× 3×
90 days 4× 4×

Staking 1,000 LAIKA without a lock gives 1,000 veLAIKA; locking it for 90 days gives 4,000 veLAIKA. Both veLAIKA and veTOKEN are non-transferable. No-lock stakes can be unstaked at any time. Fixed-term locks cannot be exited early, and their voting power does not decay during the lock. For fixed-term positions, power expires at the end of the weekly period in which the lock ends; you can stake again to keep voting. See StakeOS for the full rules.

Governance flows#

veLAIKA holders#

  • Split their votes across up to 8 tokens to direct each epoch's LAIKA emissions.
  • Vote in Cabal launch sessions, and get the voters-only window on winners they backed.
  • Vote on LAIKA DAO proposals.
  • Earn the incentives posted on the tokens they vote for, plus pool fees that projects route to their voters.

veTOKEN holders#

  • Vote on their DAO's proposals: treasury payments, incentives, ShillOS campaigns and pool fees.
  • Their DAO can post incentives or route pool fees to attract veLAIKA votes.
  • Earn LAIKA emissions when their pool receives votes, plus any reward streams the project funds.
  • Coming soon: all ecosystem veTOKENs will be able to participate in Cabal curation. Initially, Cabal sessions use veLAIKA only.

Rewards and distribution#

Staker rewards follow each staker's share of the pool:

user_reward = pool_rewards × (user_veTOKEN / total_pool_veTOKEN)

Rewards stream continuously and can be claimed at any time. Longer locks give more veTOKEN, so they earn a larger share.

Sealed curation (LaunchOS)#

Voting is initially open to veLAIKA holders. Coming soon: participation will extend to all veTOKENs across the ecosystem, with voting weights detailed separately.

  • Ballots stay sealed for the 7-day commit phase. Only the total power committed is visible.
  • Voters reveal during the following 24 hours, and every token with at least 10% of the revealed votes wins.
  • Tokens that do not win still launch as non-curated tokens.
  • Voters of a winner get a 5-minute voters-only window and can buy up to 50% of its raise target between them, shared by vote weight.

Vote-to-earn incentives#

  • Incentives. Posted in LAIKA, the token itself, its quote token or another token Laika approves, and paid pro rata to the token's veLAIKA voters once the epoch is finalized.
  • Cabal early access. The voters-only window on winning launches.
  • Emissions. Tokens with more votes send more LAIKA to their stakers.