From f64e7fb96d9b1b6b3ad6528bce8d5b9c339154bc Mon Sep 17 00:00:00 2001 From: Evgeny Nasretdinov Date: Wed, 19 Jun 2024 14:30:13 +0200 Subject: [PATCH] Update 1_launchpad.md Repeated paragraph removed --- docs/reference/vote-escrow-launchpad/1_launchpad.md | 4 ---- 1 file changed, 4 deletions(-) diff --git a/docs/reference/vote-escrow-launchpad/1_launchpad.md b/docs/reference/vote-escrow-launchpad/1_launchpad.md index ad6c613c..9a6b4dd6 100644 --- a/docs/reference/vote-escrow-launchpad/1_launchpad.md +++ b/docs/reference/vote-escrow-launchpad/1_launchpad.md @@ -5,10 +5,6 @@ order: 0 ## Launchpad System Details -The Launchpad system is a set of smart contracts used to create veSystems. Each veSystem is used to lock BPT tokens (representing liquidity provider positions on Balancer) in a vote escrow system to gain voting power on a specific project and participate in reward distribution to those who lock their liquidity, incentivizing governance and long-term participation. -In addition to locking BPT tokens, almost any token from any project can be used for locking. Thus, users can independently create their own vote escrow systems with their own reward tokens (incentives). -Reward tokens (incentives) can be any tokens defined by the veSystem creator. -Additionally, veSystem participants may also receive BAL tokens as an extra reward if the locked token is part of the Balancer reward distribution system. The Launchpad system is a set of smart contracts used to create veSystems. Each veSystem is used to lock BPT tokens (representing liquidity provider positions on Balancer) in a vote escrow system to gain voting power on a specific project and participate in reward distribution to those who lock their liquidity, incentivizing governance and long-term participation. In addition to locking BPT tokens, almost any token from any project can be used for locking. Thus, users can independently create their own vote escrow systems with their own reward tokens (incentives). Reward tokens (incentives) can be any tokens defined by the veSystem creator.