MS NN
8.3K posts



ᴅᴀʏ 06 𝑊𝑜𝑟𝑑 𝑜𝑓 𝑡ℎ𝑒 𝑑𝑎𝑦: 𝑣𝑒𝑇𝑜𝑘𝑒𝑛𝑜𝑚𝑖𝑐𝑠 ———————— veTokenomicsis a defi model where users lock their tokens for some period of time(up to four years max) and receive veTokens which gives the user the right to have rewards and voting power. “ve” stands for vote-escrowed When the tokens are locked, one receives veTokens. these tokens cannot be transferred or sold its basically like a commitment. the more one locks, the more he/she has voting powers this enables him/her to decide on liquidity pools' rewards and boost his/her farming APR by up to 2.5X. until the implementation of this concept, curve finance came into existence through its veCRV voting token the creation of this token paved the way for the curve wars where all protocols were trying their best to acquire voting powers. locked tokens mean that there would be a reduction in supply, thus making the tokens pump. are you familiar with this?
























