📊Gauges
This page contains a brief guide on how stake gauges work.
The gauges system is a mechanism that allows users to vote using their locked $V tokens (veV) to influence the allocation of stake from a dedicated gauges reserve, which represents 10% of the total undirected stake in The Vault stake pool. During each gauge epoch, users cast their votes for validators through the dedicated interface. In the subsequent epoch, validators receive stake proportional to the total votes they secured.
Voting Mechanism
Users participate in gauges voting with veV, which is obtained by locking $V tokens in the locker. The amount of veV received depends on both the quantity of $V locked and the lock duration chosen. Longer lock periods apply higher multipliers to veV, with the maximum lockup of 5 years granting a 10x multiplier.
Gauges operate in 7-day epochs. Votes submitted during one epoch determine stake distribution in the following epoch. In other words, users vote for the next epoch, and validators receive stake proportionally in that cycle. Example:
Stake controlled via gauges represents, for example, 100,000 SOL. If only one participant votes for Validator "A" and no other votes are cast, that validator would receive the full 100,000 SOL in additional stake. If two participants each allocate an equal amount of veV - for example, 100 veV each to Validators "A" and "B", and no additional votes are cast, both validators would receive an equal share of 50,000 SOL in additional stake.
Who can benefit from Gauges?
The introduction of voting-based delegation presents a strategic opportunity for validators and token holders to actively influence stake distribution. Validators who hold $V tokens can benefit by locking their tokens to acquire veV, thereby increasing their voting power and potentially securing a larger share of delegated stake. Additionally, validators can engage their community to participate in voting on their behalf, further amplifying their stake potential. This mechanism provides a clear incentive for both validators and their networks to participate, aligning governance activity with tangible economic benefits. All validators meeting the criteria outlined below are eligible to receive stake through the gauges mechanism:
Not part of superminority
Commission <= 5%
MEV commission <= 10%
Vote credits >= 95% of average for the epoch
Validators and their communities can add non-allowlist/waitlist validators to the list of gauges, provided they meet the eligibility criteria outlined above. This feature is available via the dedicated button in the “Info” section of the https://thevault.finance/validators
Validators included in the waitlist or allowlist are automatically qualified to participate. Eligibility is assessed based on performance over the previous 10 epochs, and a validator must meet all the listed requirements for each of these 10 epochs to maintain qualification.
Stake obtained through Gauges can be tracked in the “Gauges” column of the Validators list.
How to vote?
To participate in the voting process, users can access the gauges platform at https://tribeca.so/gov/vault/gauges and follow these steps:
Connect your wallet using the "Connect Wallet" button in the top-right corner. Ensure you use the same wallet that holds your voting power.
Navigate to the "Cast Votes" tab and enter the amount of weight you wish to allocate to a validator.
Click "Update Weights" at the bottom of the screen to save your vote.
View the current and upcoming stake assigned to your validator in the "All Gauges" tab.
Please note: If large amount of SOL needs to be moved by stakebot, stake may take some time to arrive
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