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Update README.md
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RickGriff authored Jan 23, 2025
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Expand Up @@ -86,7 +86,7 @@ The purpose of Phase 2 is to prevent last-minute vote allocation by a bad-faith

The short veto phase at least gives other stakers a chance to veto such bad-faith Initiatives, even if they have to pull voting power away from other Initiatives.
### Epoch Transitions
Epochs transition automatically at fixed 7-day intervals. No manual intervention is required to trigger a new epoch. The first epoch-based operation in a new epoch triggers relevant snapshots - see the snapshots section [LINK].
Epochs transition automatically at fixed 7-day intervals. No manual intervention is required to trigger a new epoch. The first epoch-based operation in a new epoch triggers relevant snapshots - see the [snapshots section](#snapshots).

## LQTY deposits, withdrawals and v1 staking

Expand Down Expand Up @@ -172,7 +172,7 @@ LQTY amounts and offsets are recorded for:
- Per-Initative allocations
- Per-user-per-Initiative allocations

The full scheme is outlined in this paper [LINK].
The full scheme is outlined in [this paper](https://docs.google.com/document/d/1nPdD-w1n_0KIzAgi3Y5c8h2t2wkFiFD5YDHKsc6KxH8/edit?usp=sharing).



Expand All @@ -196,7 +196,7 @@ Under the hood, allocation is performed in two steps internally: all their curre

Users may also allocate vetos to Initiatives via `Governance.allocateLQTY`. Just like voting power, LQTY allocated for vetoing accrues “veto power” linearly, and internal calculations and accounting are identical.

An Initiative which has received a sufficient quantity of vetoes is not claimable, and can be permissionlessly unregistered - see the Initiative states section for the precise threshold formulation [LINK]
An Initiative which has received a sufficient quantity of vetoes is not claimable, and can be permissionlessly unregistered - see the [Initiative states section](#initiative-states) for the precise threshold formulation.


## Allocations across epochs
Expand All @@ -209,7 +209,7 @@ LQTY allocations to an Initiative persist across epochs, and thus the correspond

**Allocating** and **deallocating** LQTY/voting power is path independent - that is, when a user allocates `x` voting power to an Initiative then immediately deallocates it, their voting power remains the same.

In contrast, **depositing** and **withdrawing** LQTY is path-dependent - for a User with non-zero voting power, a top-up and withdrawal of `x` LQTY will reduce their voting power. This is because the top-up LQTY chunk has 0 voting power, but the proportional nature of the withdrawal (see above - [LINK]) reduces the voting power of all previous LQTY chunks comprising their deposit.
In contrast, **depositing** and **withdrawing** LQTY is path-dependent - for a User with non-zero voting power, a top-up and withdrawal of `x` LQTY will reduce their voting power. This is because the top-up LQTY chunk has 0 voting power, but the [proportional nature of the withdrawal](#allocating-voting-power-to-initiatives) reduces the voting power of all previous LQTY chunks comprising their deposit.


## Registering Initiatives
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