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Contributor Splits

Each app has a ContributorSplit contract controlled by the app’s Safe. This is the mechanism for distributing app revenue to team members and contributors. Key properties:
  • Pull-based: contributors claim their share, the protocol does not push payments
  • Managed exclusively by the app’s Safe (add, remove, or adjust share percentages)
  • Supports up to 150-200 contributors per app
  • Default split: 80% to contributors, 20% to protocol treasury (adjustable via governance)
Contributors must actively claim their payouts. Unclaimed funds remain in the contract until withdrawn.

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veELTA and Governance

veELTA is the vote-escrow mechanism for protocol governance. Users lock ELTA tokens for a chosen duration and receive voting power in return.
ParameterValue
Lock duration7 to 730 days
Voting power boost1x (7 days) to 2x (730 days), linear
Fee yieldNone (V2 design)
Boost formula: 
boost = 1 + (lockDuration / maxDuration)
veELTA = lockedAmount * boost
veELTA is used exclusively for governance voting. It does not entitle holders to fee yields. This design choice mitigates securities risk under the Howey test. Position management: create a lock, increase the locked amount, extend the duration, or unlock the principal after expiry.

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Protocol-Level Decisions

Governance proposals are submitted through the ElataGovernor contract and executed via the ElataTimelock. Changes to protocol parameters (fee splits, graduation thresholds, trading fees) require governance approval. Key parameters controlled by governance:
ParameterDefaultRange
Trading fee1%Governance-set
Transfer tax cap2%Protocol-wide maximum
Treasury take20%Adjustable
Graduation threshold42,000 ELTAGovernance-set
LP lock duration730 daysGovernance-set

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Fee Flow for Apps

How fees are routed

veELTA and Governance

User guide for locking ELTA