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Full Sail supports three core user roles: traders, liquidity providers, and veSAIL holders (voters). Each role interacts with the protocol differently, but all are integrated within the same AMM system.

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Traders

Traders benefit from deep, concentrated liquidity and a dynamic fee model that adapts to market conditions. Swap execution is non-custodial, permissionless, and optimized through intelligent routing that finds the best price across multiple pools.
  • Reduced slippage through concentrated liquidity
  • Lower execution costs during stable conditions
  • Automatic route optimization for best price

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Liquidity Providers (LPs)

LPs deposit token pairs into price-bounded ranges. These positions are active only when the market price is within the selected range, allowing LPs to concentrate capital where it is most useful.
  • Earn oSAIL emissions directed by veSAIL governance votes
  • Define custom price ranges for capital efficiency
  • Adjust, update, or withdraw positions at any time
veSAIL holders vote on which pools receive oSAIL emissions in the upcoming epoch. These votes are predictive, based on expected trading volume. Pools with higher volume prediction receive more emissions, which helps attract deeper liquidity.

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Voters

Staking SAIL into veSAIL grants governance power and access to protocol revenue.
  • Earn 95% of trading fees from voted pools (remaining 5% goes to protocol insurance fund)
  • Vote to direct emissions to specific liquidity pools based on predicted trading volume
  • The closer the prediction aligns with actual volume, the higher the earned rewards
This structure ties emissions to real market activity and rewards accurate governance participation.