Two governance tokens, one DEX
Orvex participants earn two governance tokens through a single activity set. Each token governs a different layer of the system.
| veORVX | Karma | |
|---|---|---|
| Token type | Locked ERC-20 | Soulbound |
| Earned by | Locking ORVX | LPing, staking SNT, using L2 apps |
| Governs | Orvex gauges & emissions | Status Network funding pool allocation |
| Paid in | ORVX | ETH (via funding pool) |
| Transferable | Yes (NFT) | No |
| Time horizon | Permanent or up to 2 years | Permanent |
Why this matters
Orvex LPs end up with both tokens. Double token, double governance power.
- veORVX decides which Orvex gauges receive oORVX emissions
- Karma decides which Orvex pools receive ETH yield from Status Network
These are two independent reward streams governed by two independent tokens — but earned by the same participants through the same activity. An LP who stakes into a gauge earns oORVX emissions, accumulates Karma, and gains voting power over both the protocol's incentive layer and the network's funding layer.
No other L2 DEX offers this dual-governance structure where chain-level economics and protocol-level incentives reinforce each other through the same user base.