ICE Boost
ICE is Aquarius's governance token. By locking AQUA on the Aquarius protocol, wallets receive non-transferable ICE tokens that boost liquidity pool rewards up to 2.5x.
How ICE Boosting Works
Aquarius uses a Curve-style boost formula:
boost = min(0.4 × deposit + 0.6 × pool_liquidity × (my_ICE / total_ICE), deposit) / (0.4 × deposit)deposit
Your LP tokens in the pool
pool_liquidity
Total LP tokens in the pool (all depositors)
my_ICE
Your wallet's ICE balance
total_ICE
Total ICE across all holders
No ICE → boost = 1.0x (baseline)
Maximum → boost = 2.5x (when your ICE share >= your LP share)
Recalculated by Aquarius every hour
ICE and Whalehub
ICE is soulbound (non-transferable). It stays on the wallet that locked AQUA through the Aquarius governance protocol. This means:
The protocol admin wallet (
blub-issuer-v2) holds ICE from governance participationICE boost only applies to LP deposited by the wallet that holds ICE
The staking contract cannot hold ICE directly
Current Status
The Whalehub admin wallet holds ICE from governance participation. The boost is most effective on pools where Whalehub's LP position is a small fraction of the total pool.
For large positions (like the BLUB-AQUA pool where Whalehub holds ~66% of all LP), the ICE boost has minimal effect because the ICE share (0.03% of total ICE) is far smaller than the LP share.
Important: Due to Stellar protocol limitations, ICE governance locking uses classic Stellar claimable balances — a mechanism that Soroban smart contracts cannot invoke directly. This means the staking contract cannot lock AQUA for ICE on its own, and vault LP deposited by the contract currently receives no ICE boost (1.0x). We are actively developing a secure architecture to route vault deposits through an ICE-holding wallet, enabling up to 2.5x boosted rewards for vault users. This feature is planned for a future release.
ICE Governance Flow
Four ICE Token Types
When AQUA is locked through Aquarius, four non-transferable tokens are minted:
ICE
Base governance power + LP boost
governICE
Voting in Aquarius governance proposals
upvoteICE
Upvoting market pairs for reward allocation
downvoteICE
Downvoting market pairs
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