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burns2854 committed Mar 13, 2024
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4 changes: 4 additions & 0 deletions docs/reference/vote-escrow-launchpad/1_launchpad.md
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## Launchpad System Details

The Launchpad system is a set of smart contracts used to create veSystems. Each veSystem is used to lock BPT tokens (representing liquidity provider positions on Balancer) in a vote escrow system to gain voting power on a specific project and participate in reward distribution to those who lock their liquidity, incentivizing governance and long-term participation.
In addition to locking BPT tokens, almost any token from any project can be used for locking. Thus, users can independently create their own vote escrow systems with their own reward tokens (incentives).
Reward tokens (incentives) can be any tokens defined by the veSystem creator.
Additionally, veSystem participants may also receive BAL tokens as an extra reward if the locked token is part of the Balancer reward distribution system.
The Launchpad system is a set of smart contracts used to create veSystems. Each veSystem is used to lock BPT tokens (representing liquidity provider positions on Balancer) in a vote escrow system to gain voting power on a specific project and participate in reward distribution to those who lock their liquidity, incentivizing governance and long-term participation.
In addition to locking BPT tokens, almost any token from any project can be used for locking. Thus, users can independently create their own vote escrow systems with their own reward tokens (incentives).
Reward tokens (incentives) can be any tokens defined by the veSystem creator.
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4 changes: 3 additions & 1 deletion docs/tools/core/admin-ve8020.md
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Use the "Rewards Distribution" tab to set Reward Token and permisssions. For more detailed information see [Reward Distributor Guide](/reference/vote-escrow-launchpad/3_RewardDistributor) and the [Reward Faucet Guide](/reference/vote-escrow-launchpad/4_RewardFaucet)

#### Risks
Before using this tool, review [Specific Risks](/reference/vote-escrow-launchpad/8_risks) and [Balancer Terms of Use](https://app.balancer.fi/#/terms-of-use)
Before using this tool, review [Specific Risks](/reference/vote-escrow-launchpad/8_risks) and [Balancer Terms of Use](https://app.balancer.fi/#/terms-of-use)

Source code can be found at [Protofire's Github Repo](https://github.com/protofire/ve8020-launchpad/tree/main). This code has been audited by Certora - [read the report here](https://www.certora.com/reports/protofire).

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