Fee Gauges & Bribes

Fee Gauges

Governance participants can vote on "fee gauges" for specific LSTs. A lower fee gauge means a particular LST is charged lower fees by the pool compared to other LSTs with a higher fee gauge, for an equal amount of available liquidity. Fee gauges can be lower or higher for certain LSTs or LRTs if they give more incentives to liquidity providers or if they have a lower/higher perceived risk than others (e.g. some restaked ETH could carry higher risk than regular LSTs).

Bribes

LSTs/LRTs can offer bribes to the pool to improve their fee gauge, and thus their competitive advantage in the market. Bribes can be offered either through various tokens, such as our own governance token, the LSTs own governance token or other tokens.