Snowball Docs
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  • 👋Welcome
    • Introduction
    • Roadmap
  • 🗳️Governance
    • SNOB
    • xSNOB
      • Gauges
      • Reward Boosting
      • Revenue Sharing
    • Community Proposals
  • 📈Our Products
    • Compounding
    • NFT Marketplace
    • Axial
    • Lava
    • Teddy
  • ❓FAQ
    • General FAQ
    • Compounding FAQ
    • xSNOB FAQ
  • 🎓DeFi University
    • Introduction
    • 1st Year Courses
      • FN 101 - Decentralized Finance
      • FN 102 - Wallets
      • FN 103 - Block Explorers
      • FN 104 - Tokens
      • FN 106 - Gas Fees
      • YF 111 - Lending Markets
      • YF 121 - Liquidity Pools
      • GV 141 - DAOs
      • EX 151 - Spotting Scams
    • 2nd Year Courses
      • FN 205 - Bridges
      • FN 207 - Apps vs Dapps
      • FN 209 - Avalanche
      • FN 222 - DEXs
      • FN 231 - Stablecoins
      • GV 242 - Voting Mechanisms
      • YF 261 - Auto-Compounding
      • EX 271 - NFTs
      • EX 272 - The Metaverse
      • EX 281 - DeFi Composability
    • 3rd Year Courses
      • FN 308 - Consensus Mechanisms
      • YF 312 - Folding
      • FN 317 - Infinite Approvals
      • YF 323 - Impermanent Loss
      • EX 325 - Single-Asset vs LP Strategies
      • YF 362 - Liquid Staking
    • 4th Year Courses
      • YF 424 - LP Math
      • YF 425 - One-Sided Stable LPs
  • 🗃️Resources
    • Our Team
    • Brand Assets
    • Guides
      • Setting Up MetaMask
      • Depositing into Compounding Strategies from Trader Joe
      • Depositing into Compounding Strategies from Pangolin
      • Staking SNOB for xSNOB
      • Unstaking SNOB
      • Voting on Gauges with xSNOB
      • Manual Smart-Contract Interaction
      • Bridge FRAX to Avalanche
      • MetaMask Security Measures
    • DeFi Glossary
  • 💻Smart Contracts
    • Snowball Contracts
    • Compounding Contracts
    • Deprecated Contracts
    • NFT Contracts
    • Audits & Timelocks
    • Multisigs
  • 🔗Links
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On this page
  • What can I do with my SNOB?
  • Where can I see the Total Value Locked (TVL) per asset on Snowball?
  • What kind of fees does Snowball charge users?
  • Who is behind Snowball?
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  1. FAQ

General FAQ

PreviousTeddyNextCompounding FAQ

Last updated 3 years ago

What can I do with my SNOB?

SNOB is our governance token. You can use SNOB to provide on Snowball's many pools, or you may stake your SNOB to gain xSNOB, which can be used to vote on community proposals and gauge allocations, as well as pool reward boosting and gaining a percentage of protocol revenue.

Where can I see the Total Value Locked (TVL) per asset on Snowball?

You can view the TVL of Snowball on .

What kind of fees does Snowball charge users?

Snowball takes a 10% performance fee on pool reward profits for providing the auto-compounding service on top of your rewards. These fees cover the costs of auto-compounding as well as funding further development of Snowball.

Who is behind Snowball?

Snowball was launched pseudonymously by , , and . However, Snowball quickly transitioned into a community-driven project. Anyone who wants to see Snowball succeed can participate in its development and improvement by volunteering their time and work to the project and be compensated for doing so.

We chose a pseudonymous launch for two main reasons; First, personal information is an excellent attack vector for hackers to try and phish for passwords, keys, etc. Second, we believe in promoting a decentralized, permission-less, and international community. Remaining anonymous allows people to participate regardless of status, nationality, background, or income.

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