Rewrite P-Rep delegation based on veOMM

[redlarva]

There will be 2 types of token based on which the user's delegation will be updated.

• base token i.e balance of locked OMM
• boosted token i.e veOMM

veOMM acts as a booster to the existing user delegation, up to a certain point.

delegation weight = min((ommLockedByUser * 40 / 100) + (totalOMMlocked * veOMMBalanceOfUser / total_veOMMBalance * (100 - 40) / 100), ommLockedByUser)

For example, :

Case 1:
Let's assume, Bob has locked 1,000 OMM for 4 years and there is 1,000,000 OMM locked and 500,000 veOMM in a boosted OMM contract.

• Bob locked OMM token : 1,000 OMM
• Bob veOMM balance : 1,000 veOMM (locked for 4 year)
• Total OMM locked : 10,000,000 OMM
• Total veOMM balance : 5,001,000 veOMM

Bob’s delegation weight = min ((1000 * 0.4) + (10,000,000 * 1000/ 5,001,000* 0.6), 1000)

Bob’s delegation weight = min(1599, 1000) = 1000

Case 2:
Now lets say instead of 4 years Bob lock OMM token for only 1 years

• Bob locked OMM token : 1000 OMM
• Bob veOMM balance : 250 veOMM (locked for 1 year)
• Total OMM locked : 10,000,000 OMM
• Total veOMM balance : 5,000,250 veOMM

Bob’s delegation weight = min ((1000 * 0.4) + (10,000,000 * 250/ 5,000,250* 0.6), 1000)

Bob’s delegation weight = min(699, 1000) = 699

Case 3:
Now let's assume, Bob’s locking period is expired however, Bob has not interacted with OMM application and has not withdrawn the locked amount of OMM. If nobody kick this user to reset its boost user delegation weight will remain the same as before

• Bob locked OMM token : 1000 OMM
• Bob veOMM balance : 250 veOMM (locked for 1 year)
• Total OMM locked : 10,000,000 OMM
• Total veOMM balance : 5,000,250 veOMM

Bob’s delegation weight = min ((1000 * 0.4) + (10,000,000 * 250/ 5,000,250* 0.6), 1000)

Bob’s delegation weight = min(699, 1000) = 699

Case 4:
Now let's assume, Bob’s locking period is expired but has not withdrawn the locked amount of OMM. If anyone kicks this user after the locking period expires its boost will reset to 0

• Bob locked OMM token : 1000 OMM
• Bob veOMM balance : 0 veOMM (no boost)
• Total OMM locked : 10,000,000 OMM
• Total veOMM balance : 5,000,000 veOMM

Bob’s delegation weight = min ((1000 * 0.4) + (10,000,000 * 0/ 5,000,000* 0.6), 1000)

Bob’s delegation weight = min(400, 1000) = 400