Votium
Other · Governance
Votium is a bribe marketplace where protocols pay to influence Convex voters' veCRV allocations toward specific Curve gauges. It routes bribes to vlCVX holders who vote on emissions — no standalone governance token.
Curve veCRV bribe marketplace for liquidity incentives.
Protocol TVL
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Risks identified
- Smart Contract
Votium is described as experimental software provided 'as is'. Users interact with the auction/deposit contract, the Snapshot/Gnosis delegate registry, and the updateable Merkle airdrop distributor — any bug in these could cause loss of deposited incentives or unclaimed rewards despite an external audit (Blockian).
- Governance
A team multisig controls all fund-affecting functions — fee level (up to the 4% hard cap), fee recipient, token whitelist, team permissions, and critically the Merkle root and claim pause. A compromised or malicious multisig could post an incorrect root or halt distributions. No public timelock is documented.
- Counterparty
Incentive buyers must trust that delegated/self-directed votes are cast and counted correctly, and voters must trust that Votium computes each round's Merkle distribution honestly and in proportion to delegated vlCVX and incentive size. Distribution is computed off-chain before the root is posted.
- Systemic
Votium is entirely dependent on external systems it does not control: Convex (vlCVX locking and vote power), Curve (gauge weights and the ~10-day cooldown on gauge changes), and Snapshot (delegation and vote signalling). Failure, deprecation, tokenomics changes, or governance shifts in Convex or Curve directly impair Votium's usefulness and reward flow.
- Regulatory
The core activity — paying token holders in exchange for how they vote in protocol governance ('vote buying') — sits in an unsettled legal/regulatory area for DAO governance and could attract scrutiny; participants bear this uncertainty.