Ecosystem-Routed Incentives

한국어로 읽기 Through Ecosystem-Routed Incentives (ERI), batt uses a portion of borrowing interest and fees to reward participants in markets that use KRW*. These markets need counterparties and liquidity so users can swap borrowed KRW*, deposit tokens they hold, or buy KRW* to repay a loan.

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Lending market incentives

In an external lending market that supports KRW*, users can supply KRW* or borrow it from the market. Borrowing there is different from depositing collateral into batt to mint new KRW*. A reward paid to a borrower does not change their loan’s interest rate. When ERI support ends, the borrower still owes interest under the loan’s terms.

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DEX incentives

batt can reward liquidity providers in KRW* pools directly. Where a DEX supports gauge voting, batt can also offer incentives to voters who direct rewards toward a KRW* pool. ERI aims to help pools handle the amounts users want to trade. Creating more pools alone does not provide that liquidity. LPs in a KRW*/USDC pool must also account for exchange-rate changes between the two currencies.

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Who receives rewards?

The core team will initially select recipients and allocations. batt plans to move these decisions to ve governance after a token launch. ve governance is not currently active. For each supported market, the batt team will specify:

• The market and reward recipients.
• The reward asset and funding source.
• The support period and allocation conditions.

Integrating KRW* does not automatically qualify a market for ERI. The SP also receives a share of borrowing interest and fees, so batt cannot use all of that income for external incentives.