What Lies Ahead in Lynex’s First Weeks

The Lynex Genesis Epoch is on the horizon, ushering in the advanced ve(3,3) mechanics on the Linea blockchain. As we move past the TGE, Lynex will phase in its complete functionality across subsequent epochs, culminating in Epoch 2 with the full activation of its bribing, voting, and claiming features.

For veterans of ve (3,3) protocols, this staged rollout to unveil all functionalities will be familiar. However, with a mass influx Aof new users anticipated to enter Lynex via our multiple public sales and marketing campaigns, we’re aware that many will be newcomers to these concepts. To bridge this gap, the first week (Epoch 0) will be focused on community education on Lynex’s workings, ensuring everyone is well-prepared to reap the rewards Lynex offers.

Behind the scenes, we’re actively securing and onboarding partner protocols, enhancing liquidity, all strategically designed to bolster the Lynex ecosystem. In the initial weeks, we will witness the activation of these partnerships as we scale Lynex.

First, let’s clarify some essential terminology:

• LYNX: The utility token of Lynex, foundational for liquidity and trading enhancements.

• veLYNX: An ERC-721 (NFT) governance token obtained by locking LYNX. The longer the lock, the greater your voting power. It’s about securing your influence and earning a share of the weekly distribution of rewards (trading fees + bribes).

• Epoch: Equivalent to a week, starting and ending at 00:00 UTC on Thursdays.

• Voting: Utilizing veLYNX voting power to influence gauges and earn rewards for your desired pools.

• Gauges: Represents an underlying Liquidity Pool, that accumulates rewards, including trading fees and bribes, which are subject to your votes.

• Bribes: External incentives provided to veLYNX holders in exchange for their votes. Usually provided by protocols that have LP within Lynex.

Epoch 0 (15th — 22nd February)

Considered our genesis epoch, it marks the beginning! During this epoch:

• Claim portal for IDO participants to open
• $LYNX/$ETH liquidity pool will be added allowing for users to trade, provide liquidity and lock LYNX in veLYNX.
• There will be no veLYNX voting.
• During this first week accumulated trading fees will be carried over as rewards for the following Epoch 1.

Note: oLYNX emissions will not begin this epoch

Epoch 1 (22nd — 29th February)

Further mechanics are unlocked.

• oLYNX emissions will begin for those providing liquidity.
• Bribes will begin to flow in from partners.
• veLYNX holders will be able to vote.
• Community and protocol airdrops to occur.

Epoch 2 (29th — 07th March)

This epoch marks the full functionality of Lynex’s gauge voting system

• veLYNX voters will be able to claim their epoch 1 rewards in the form of trading fees and bribes!

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Starting with Epoch 2, Lynex establishes a consistent cycle of epochs. Each epoch offers veLYNX voters the chance to maximize their rewards by selecting the most profitable pools. We have some products and partnerships in the immiment timeline that will enhance these mechanicsa on capabilties. Furthermore, we’re committed to broadening our partnership network, further driving Lynex’s growth and strengthening the collaborative power of our ecosystem. Prepare to embark on a transformative DeFi journey on Linea!