# $VE3D and $xVE3D

### What is $VE3D? 

VE3D (Delegated ve(3,3)) is the governance token for the veToken Platform; it captures the fee revenue that is generated by the system, and incentivizes early depositor and ve model token economics adopters.

* Stake to receive a share of platform fees as **ve3Token** 
* $VE3D is minted proportional for each veAsset token claimed by Liqudity providers on veToken Finance 
  * VE3D / veAsset mint ratio formula can be found here (release soon)

### What is $xVE3D? 

when users lock their $VE3D for 16 weeks , they receive $xVE3D in return. 

* Receive integrated ve model protocol revenue
* Voting power to change gauge weights 
* Claim integrated ve model protocol airdrops
* Bribes or collateral in other protocols 
* Participate veToken governance

$xVE3D holders are able to participate and contribute governance.  For more details, please see Governance Tab. 

### $VE3D Distributions 

* Distribution Max Supply: 100 million 
* 30% ve-model projects LP rewards and veAsset lock rewards.
* 30% Bond allocation For bootstrap Protocol owned liquidity for ve3Asset - Asset SLP (eg: ve3CRV - CRV LP). 
* 6% for partnership incentives, (airdrop, bootstrapping etc) 
* 9% Treasury. Vested over 1.5 year. These tokens will be used to fund grants, hackathons, events, and other community-focused efforts 
* 15% Team and advisors. Vested over 1.5 year 
* 10% Investors. Vested over 1.5 year

![](https://1190341941-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MdgXnQu3bN0KwN1quz7%2Fuploads%2FY8mVtesedg3A7x1mqOQe%2Fimage.png?alt=media\&token=793fd880-b9f4-4050-bd6c-71121d5a8f5c)