🤿Understanding Equinox

This is a technical guide to help you understand the key components of Equinox.

eclipASTRO

eclipASTRO is a derivative of ASTRO, returned to the user at a 1:1 rate

eclipASTRO is obtained by:

• Depositing in the Single-Sided Vault

• Participating in the Lockdrop

• By converting ASTRO or xASTRO to eclipASTRO

eclipASTRO conversion is 1-way. Liquidity pools may exist that allow users to swap eclipASTRO for ASTRO tokens.

eclipASTRO benefits

ECLIP Stakers	Gain control over Eclipse’s vxASTRO voting power quantified by cosmic essence balance. Increased yield via bribe rewards and $ASTRO rewards
ASTRO Holders	Opportunity to earn boosted yield on their $ASTRO through either the single-sided vault or LP vault.
Astroport	Eclipse’s vxASTRO holdings obtained through Equinox are permanently held, resulting in a lower circulating supply and a decrease in selling pressure. Increased trading volume and revenue from the projects that launch on Eclipse’s launchpad. Increased Utility for the $ASTRO token.
Eclipse Fi	Increased utility for the $ECLIP token. Significant vxASTRO voting power Increased revenues Launchpad becomes more attractive to potential projects looking to IDO.

Equinox Vaults

Single-Sided Vaults

Stake eclipASTRO, ASTRO, or xASTRO -> Earn eclipASTRO, ECLIP, & bECLIP.

Reward multipliers: Flexible: 1x, 1 month: 1.25x, 3 months : 1.5x reward, 6 months: 2x

How it works:

• ASTRO staking rewards earned by Equinox are distributed to the single-staking vaults, allowing eclipASTRO stakers to earn significantly more rewards opposed to xASTRO.

• Boosted ECLIP rewards can be earned through an optional time lock.

• Time lock options range from 1 month to 6 months.

eclipASTRO-xASTRO (LP) Vault

The eclipASTRO-xASTRO (LP) Vault is an incentivized vault for the eclipASTRO-xASTRO PCL pool with LSD parameters on Astroport. The LP holds significant importance as it serves as the primary liquidity for the eclipASTRO token. Thus, users are heavily incentivized to participate in providing liquidity.

The LP vault earns a significant amount of Astro’s emissions as Equinox and the Eclipse DAO diverts a portion of its voting power to vote for the pool via Astroport’s gauges.

Additionally, the LP vault is incentivized with the underlying trading fees and ECLIP & bECLIP emissions.

To participate in the eclipASTRO-xASTRO (LP) Vault, you must first acquire eclipASTRO-xASTRO LP tokens by performing the following steps on Equinox.

1. Under “Vaults” click “Deposit Now” under the eclipASTRO-xASTRO LP Vault.

2. Click “Get eclipASTRO-xASTRO LP Now”

3. Click “Convert tokens” and convert eclipASTRO, ASTRO, or xASTRO, to eclipASTRO-xASTRO LP tokens.

Alternatively, LP tokens can be obtained on your own through Astroport, by performing these steps:

1. Convert 50% of your xASTRO to eclipASTRO via Equinox’s Convert option.

2. Head to https://app.astroport.fi/pools
3. Click “Add Liquidity” next to eclipASTRO-xASTRO Pool.

4. Add desired amount of xASTRO & eclipASTRO.

5. Ensure “Stake LP Token for Additional Rewards” is Off.

6. Click “Add Liquidity”

7. eclipASTRO-xASTRO LP tokens should now appear in your wallet.

8. Return to Equinox and deposit your newly acquired eclipASTRO-xASTRO LP tokens in the eclipASTRO-xASTRO LP Vault.

Voting and Gauge Weights

The Astroport vxASTRO system allows vxASTRO lockers to vote on how ASTRO inflation is distributed by assigning weights to each liquidity pool’s “gauge”.

As a holder of vxASTRO, Eclipse can participate in these voting procedures, and these voting rights are passed to Cosmic Essence holders which is obtained by staking ECLIP.

Cosmic Essence holders perform voting under the “Vote” tab.

Voting Rules and Information

Voting periods are called Epochs and every 14 days a new Epoch begins.

Eclipse will place its votes in the final 3 hours of every epoch. Because of this, voting will be disabled on Equinox during the final 3 hours of every epoch.

Cosmic essence holders will have two voting options available:

• Delegated Vault

• Manual Voting

Eclipse will always vote with the entirety of its voting power.

Delegated Vault

Cosmic Essence holders can opt to “delegate” their voting power to the Eclipse DAO. The Eclipse DAO will then utilise their voting power to vote for a combination of Eclipse-related pools and the highest bribe reward pools available. The bribe rewards earned by Eclipse are then redistributed to the users

Delegating is a "one and done" option for Cosmic Essence holders. Once opting in to the delegate vault, users will not have to vote again unless they opt out of the delegate vault.

This is viewed as a “Passive” option for ECLIP stakers. Minimal effort is required to earn continuous passive rewards.

Manual Voting

Cosmic Essence holders have the option to vote for the pool of their choice.

They will receive rewards based on the amount of their voting power % and the amount of rewards Eclipse receives.

Votes reset every Epoch.

This is a a more “Active” option as users must return at least once every 14 days to place their votes.

What if Cosmic Essence Holders don’t vote?

Non-voters do not earn any rewards.

80% of non-voters voting power is used to mimic the votes placed by Voters.

20% of non-voters voting power is used by Eclipse DAO to vote on Eclipse-related LPs or projects launched on Eclipse’s launchpad.