The Curvance Multichain Gauge is a system designed to build on the traditional vote-escrow model by enabling cross-chain voting and reward distribution, a feature unavailable in most gauges that limit governance participation to a single chain.
Cross-Chain Gauge Emission Voting: Users can lock CVE across all supported chains, enabling them to vote for native gauge emissions regardless of their lock location. This system allows for flexible and robust liquidity strategies.
Reward Distribution Across Chains: CVE token lockers can receive pro-rata protocol fees generated across all integrated chains. As a result, this allows veCVE holders to benefit from fees generated across the entire Curvance ecosystem, regardless of the blockchain their lock is located.
Cross-Chain Lock Bridging: Users can burn and mint their veCVE locks to move them from chain to chain, where pro-rata chain rewards are available, driving volume and TVL to a particular chain.
How the Multichain Gauge Works
Using Snapshot’s gasless voting system, voting occurs during biweekly epochs. Once an epoch concludes, votes are aggregated and processed on onchain.
Snapshot is a decentralized platform that facilitates governance in decentralized applications and protocols. Its gasless system allows users to participate in voting and decision-making processes without needing to pay gas fees, making participation more accessible and user-friendly.
Votes are frozen 12 hours prior to and 12 hours after an epoch by locking all state changes to veCVE locks, preventing vote double-spending. Read more in Multichain Vote Escrow.
Emissions remaining for an epoch are queried across all chains simultaneously via Wormhole's CCQ, validating the efficacy of the aggregated voting data. Once validated, emission data is updated on the source chain, and remote chain emission data is relayed via Wormhole's standard relayer to each chain. Gauge Rewards are made available in the Gauge Manager on each chain.
Curvance’s multichain gauge introduces a unified, chain-agnostic vote-escrow system that reduces gas costs, promotes deep liquidity, and enables efficient fee generation across multiple chains with minimal maintenance. This design empowers users to lock CVE on any chain, vote for any pool, and share in protocol fees equally, enhancing governance flexibility and ecosystem growth.
For a visual overview of the cross-chain communication system, please see the diagram below.