veGHOG Diagram and Details
Please see the live diagram here.
YIELD FLOWS AND ACTION TRIGGERS
🔹 SECTION 1: veGHOG Contract
🔁 Mint veGHOG & Lock GHOG
Input: User locks GHOG into veGHOG contract.
Output: Receives a veGHOG NFT (with one of three factions).
No yield yet. This is the gateway.
✳️ Arrow from “Mint veGHOG” to “veGHOG Staking Contract: Lock GHOG” signifies the locked GHOG entering the yield loop.
🔁 Increase Lock Amount
GHOG can be added to existing veGHOG NFTs (to upgrade to higher tier).
Important red note: Can’t mint another veGHOG once already owning one.
✳️ This increases a wallet’s emission share, though it's not shown flowing to any rewards.
🔁 Claim/Compound HOG → GHOG
🔥 Major Yield Pathway:
Users earn $HOG.
They can compound it directly to GHOG.
✳️ Arrow points from HOG claim/compound to Staking Contract (Compound Rewards).
🔁 Unlock GHOG / Burn veGHOG
🔓 If the final timestamp of the ghogrewardpool has passed, users may unlock GHOG.
🔥 25% of GHOG is burned if unlocked.
✳️ Arrow points to fire, indicating burn → deflationary mechanic.
✳️ Arrow returns GHOG (minus burn) to wallet.
🔹 SECTION 2: veGHOG Staking Contract
🔁 Lock GHOG
Arrows from “Mint veGHOG” and “Compound Rewards” feed into this.
This is the locked GHOG pool backing emissions.
✳️ This pool is the basis of yield splits.
🔁 Claim HOG
Key yield distribution occurs here.
Any user can call this function.
✳️ 1% of each claim goes to caller.
✳️ 2% of each claim is burned.
✳️ 97% of each claim is sent to the staking contract to be distributed to veGHOG users.
Of the 97%,
✳️ 20% is sent to the Rewards pool (this isn’t visualized fully).
✳️ 5% is burned.
✳️ 75% is retained for normal GHOG sanctum stakers.
🔹 SECTION 3: Masonry v3 (Classic Boardroom-Like)
🔁 Deposit GHOG
Users stake GHOG in Masonry to earn emissions.
🔁 Claim HOG
Each epoch, emissions occur:
✳️ 5% of claimed HOG burned.
✳️ 20% sent to Rewards Wallet.
✳️ 75% goes to user.
🔁 Withdraw GHOG
Standard exit to return GHOG to wallet.
No burn here — this is the flexible option for non-veGHOG users.
🔹 SECTION 4: Rewards Wallet
🔁 Input Flows
20% of all Masonry v3 HOG claims.
✳️ Arrow from Masonry → Rewards Wallet is clearly marked.
✳️ Protocol revenue (bottom section) also feeds into Rewards Wallet.
🔁 Distribution
Team sends tokens weekly to lockers who vote.
✳️ Voting snapshot occurs via veGHOG NFTs.
✳️ Distribution categories: Degen / Balanced / Conservative / LP-Heavy.
🔹 SECTION 5: Protocol Revenue
Sources include:
🌀 OS Flywheel
🔁 AutoCompounder fees
🔥 Sanctum Peg Vaults
🧠 Treasury allocation
✳️ These all funnel into Rewards Wallet → Locker Voting
🔄 CORE FLYWHEEL PATHWAYS
These are critical loops visible in the image (or implied):
🔁 Emission Loop 1: Claim & Compound
veGHOG generates emissions (HOG)
User compounds HOG → GHOG
GHOG goes back into lock pool
More GHOG locked = more emissions
Peg is reinforced passively
This is recursive and infinite if no one claims-and-dumps.
🔁 Emission Loop 2: Masonry Extraction
GHOG → Masonry
HOG emitted → Claim
Claim triggers burn (2%, 5%) and Rewards Wallet (20%)
Rewards Wallet → weekly vote → veGHOG lockers
veGHOG lockers decide future bribes/incentives
Lockers then reinvest → Masonry or lock GHOG further
🔁 Burn + Exit Loop
veGHOG lockers unlock GHOG
25% burned on exit
Reduces supply → strengthens GHOG value
Less GHOG = higher APRs for remaining lockers
✅ Conclusion: What the Arrows Represent
Arrow Source → Target
Signifies
Yield or Action?
Mint veGHOG → Lock GHOG
Initial GHOG lock into system
Setup
Claim HOG → Compound → Lock GHOG
Recursive compounding back to emission engine
✅ Yield Loop
Masonry → Rewards Wallet
Treasury capture of emissions
✅ Protocol Revenue
Compound Rewards → Lock GHOG
Redistribution of auto-compound benefits
✅ Recursive APR boost
Unlock GHOG → Burn
Exit penalty reinforcing scarcity
✅ Deflationary Mechanic
Rewards Wallet → Users
Weekly emission allocation voted by veGHOG holders
✅ Yield Distribution
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