The $TYDE Token

The $TYDE token sits at the centre of everything the protocol does. Understanding its utility is key to understanding how value flows through the system. VE Locking

Vote-Escrow Locking Tyde= veTYDE The fundamental mechanism is simple: lock TYDE for a fixed period, receive veTYDE in return. The longer you lock, the more veTYDE you get, the greater your voting power. You can use this veTyde to vote each week for which Liquidity Pools receive TYDE rewards, farm fees, collect a Rebase.

What does veTYDE give you?

Gauge voting power - You decide which liquidity pools receive weekly emissions. A protocol wants liquidity for their token? They need your vote.

Protocol fee distributions - Trading fees flow back to veTYDE holders. The more the protocol is used, the more you earn.

Rebase- Dilution protection mechanism. A base reward is paid straight to veTYDE holders from the overall rewards, adjusted dynamically based on circulating supply with the following formula:

Rebase = weeklyEmissions × (1 - veTYDEtotalSupply ÷ TYDEcirculatingsupply)ˆ2 × 0.5

This ensures the Rebase reward never outweighs what is going to LPs. It excludes vested non circulating tokens.

Bribes- Other protocols can bribe veTYDE lockers to vote for their pool. For example, let's say Protocol X launched XTOKEN on SUI. They want their LP to have more TVL on the dex, but they don't have enough SUI to pair it with, or maybe no funds at all. They can bribe the XTOKEN-SUI pool with their Treasury XTOKENS in the hope people will vote for their pool. If they do, then the following week that LP will have a TYDE APY.

Liquidity Mining Incentives Every week, rewards are distributed to gauges (liquidity pools that have been enabled for rewards). The distribution isn't equal - it follows veTYDE votes. If 40% of votes go to the SUI/USDC pool, that pool receives 40% of that week's emissions. Liquidity providers stake their LP tokens ito receive rewards like a normal Dex, but each week the flow of rewards and APY can change, based on the will of veTYDE voters.