ProtocolveGIGA

veGIGA

veGIGA is the centre of the GIGA model. It is how users with a long-term commitment to Robinhood Chain make their conviction known: lock GIGA, stake the position, and earn a share of the revenue generated by every pool on the protocol. There are no gauge votes to cast and no bribe markets to track: emission allocation is handled by the protocol.

Revenue in. Swap fees from every pool on GIGA, gauged or not, feed the rewards vault.
Renew to keep earning. A lock decays from the day it is set. Renew it at least every 30 days and it never stops earning.

The Lock

Locking GIGA for six months creates veGIGA. Each lock is held as an NFT position. A lock decays toward expiry over time and is designed to be renewed. Positions that are kept renewed keep earning; positions left to decay stop earning and eventually unlock.

Staking

To earn rewards, veGIGA must be staked into the rewards vault. Stakers choose how their rewards are paid by splitting the allocation across four reward tokens, in any proportion that totals 100%:

Reward tokenPaid as
veGIGACompounds into the staked position
USDGUSDG
WETHWrapped ETH
SPYSPY stock tokens

Rewards can be claimed at any time. Claiming can optionally extend the lock in the same transaction.

The veGIGA page in the GIGA app: lock summary, the rewards vault with the four-way reward split, and the earnings breakdown
The veGIGA page in the app. Lock at the top, the rewards vault split in the middle, earnings and claims below.

Staker revenue comes from protocol fees, including 10% of swap fees from non-gauged pools.

Decay and Renewal

A lock decays toward expiry from the day it is set. Renewal does not need to be constant: there is a 30-day grace window. If a lock decays more than 30 days without being renewed, the position stops earning until it is renewed again. Renewing within the window has no effect on earnings.

EARNING ZONE: WITHIN 30 DAYS OF A FULL LOCKlockm1m2m3m4m5m6m70m3m6mTIME LEFT ON LOCKDAY 30: STOPS EARNINGMONTH 6: UNLOCKSleft to decayRENEWED: NEVER STOPS EARNING

Exiting

There is no exit penalty. To exit, stop renewing and unstake from the vault: the position stops earning after the 30-day window, and the underlying GIGA can be withdrawn once the remaining lock time expires. The only cost of exiting is the yield not earned while waiting.