Gauges ​

Gauges are smart contracts in which users can stake their Proof of Liquidity (PoL) eligible assets in order to receive $BGT rewards. Gauges are the only way in which anyone can earn $BGT rewards, and therefore serve the important function of gating entry into the PoL ecosystem.

User Interactions ​

The amount of $BGT rewards a user earns from gauges is a function of:

1. The user's share of total assets staked in the gauge
2. The amount of $BGT rewards emitted to the gauge

After staking assets in a gauge, users are free to claim the earned rewards, add to their deposits, or withdraw their assets whenever they wish.

$BGT farming with gauges is meant to resemble familiar DeFi actions, providing a low barrier to entry for regular users.

How $BGT Ends up in Gauges ​

Validators vote to direct some portion of their $BGT emissions to specific gauges.

To understand why validators would choose to emit $BGT to a particular gauge over another, refer to Incentives in PoL, which discusses how protocols can influence validator behavior with economic incentives.

Creation of New Gauges ​

New gauges are created through the Gauge Whitelisting process, conducted by $BGT governance. Developers or protocols can submit a proposal to create a new gauge for a specific PoL-eligible asset. If the proposal passes, the new gauge is created and added to the list of approved gauges that validators can direct $BGT emissions to.

More information will be provided on how to submit a proposal for whitelisting in the near future.