Tokenomics (tentative)

VETOKEN Rewards and Distribution

What is VETOKEN?

VETOKEN is the governance token for the veToken Platform; it captures the fee revenue that is generated by the system, and incentivizes early depositor and Curve voting escrow token economics adopters.
Functions:
    Participate in veToken Platform governance
    Stake tokens in order to get share of the platform profits
    VETOKEN is the governance token for veToken Platform, and the voting token for the all voting powers reserved by the veToken Platform - for all voting escrow token economics projects.

VETOKEN Token Allocation

100,000,000 VETOKEN tokens will be minted at genesis and will be allocated as follows:

81% to the veToken Finance Community

    33,000,000 VETOKEN will be allocated to the veAssets project users depositing LP token on veToken Finance.
    30,000,000 VETOKEN will be allocated to LPs of the VETOKEN:ETH Uniswap pool and/or Sushiswap. These tokens are earned by staking VETOKEN:ETH Uniswap LP tokens.
    10,000,000 VETOKEN will be allocated in the form of a Community Reserve and Treasury. These tokens will be used to fund grants, hackathons, events, and other community-focused efforts.
    7,000,000 VETOKEN will be allocated as a incentives fund for future projects who adopt voting escrow token economics (by DAO voting).

15% to Team and Advisors

    8,000,000 VETOKEN have been allocated to current (and future) veToken Finance employees and advisors.
    0.5% will be vested after main-net launch for cover some expenses for development.
    The rest of VETOKEN are under a 1 year lockup and vested 1/5 after 1 year of engagement, then 1/36 every month after.

3% to Investors

    3,000,000 VETOKEN will be allocated to veToken’s early investors who supported our vision and provided the runway necessary for us to succeed long term under a 1 year lockup.

1% to Service Providers

    1,000,000 VETOKEN have been allocated to service providers who helped VETOKEN in various ways before launch. No Lockup.

1% to veCRV, Dill (vePickle) and veWASABI voters

    1,000,000 VETOKEN will be allocated to veCRV, Dill (vePickle) and veWASABI voters who vote to whitelist veToken. Token will be vested in 2 weeks.
    We may increase from 1% to 1.5% airdrop budget to the voters (and reduce team allocation accordingly). We believe building a strong bond between veAsset projects is the key to our missions and goals.

vtToken (vtCRV, vtDILL, vtWASABI, ...)

    Tokenized Voting Escow Token: once deposited to veToken Finance, minted 1:1 for each Token locked in the platform.
    Ability to stake the vtToken to get protocol revenue and profit sharing.

vtCRV - Tokenized veCRV

    Users deposit CRV to veToken Platform and convert to vtCRV with 1:1 ratio (CRV - vtCRV)
    Stake vtCRV to get profit sharing of:
      veToken platform Curve Pool fees in CRV
      Curve trading fees in 3CRV
      VETOKEN rewards
      Claim veCRV airdrops

vtDILL - Tokenized DILL (vePICKLE)

    Users deposit PICKLE to veToken Platform and convert to vtDILL with 1:1 ratio (PICKLE- vtCRV)
    Stake vtCRV to get profit sharing of:
      weekly protocol revenue in PICKLE
      VETOKEN rewards
      Claim Dill airdrops

vtWASABI - Tokenized veWASABI

    Users deposit WASABI to veToken Platform and convert to vtWASABI with 1:1 ratio (WASABI- vtWASABI)
    Stake vtWASABI to get profit sharing of:
      Wasabi platform performance fee in WASABI
      VETOKEN rewards
      Claim airdrops
Last modified 1mo ago