Tokenomics (tentative)

VET Rewards and Distribution

What is VET?

VET 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
  • VET is the governance token for veToken Platform, and the voting token for the all voting powers (gauge weights) reserved by the veToken Platform - for all voting escrow token economics projects.
    • In other words, VET long term holders are able to vote all the gauge weights of the ve-model projects that have been integrated by veToken Finance

VETOKEN Token Allocation (tentative)

75% to the veToken Finance Community

  • 30,000,000 VET will be allocated to the veAssets project users depositing LP token on veToken Finance.
  • 30,000,000 VET will be allocated to LPs of the VET:ETH Uniswap pool and/or Sushiswap. These tokens are earned by staking VET :ETH Uniswap LP tokens.
  • 9,000,000 VET 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. Vested over 1 year.
  • 1,000,000 VET have been allocated to community service providers who helped VETOKEN in various ways before launch. No Lockup.
  • up to 5% to veAssets holders and voters through airdrop

    • 1,000,000 VET (1%) will be allocated to Dill holders and voters who vote to whitelist veToken.
    • 600,000 VET (0.6%) will be allocated to veHND holders and voters who vote to whitelist veToken.
    • 3,400,000 (3.4%) will be reserved as the airdrop budget or as community treasury to voters and veAsset holders for the future project. We believe building a strong bond between veAsset projects is the key to our missions and goals.

15% to Team and Advisors

  • 15,000,000VET to veToken Finance employees and advisors.
    • 0.5% will be vested after main-net launch for cover some expenses for development.
    • The rest of VET is vested in 4 years.

3% - up to 10% to Investors

  • 3,000,000VET (3%) 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 or locked for forever (no vetAsset minted)
  • 7,000,000 VET (7%) will be reserved for potential investors who could bring positive contributions to the team and community. 1 year vesting mimiumum or locked for forever (no vetAsset minted).

vetToken (vetDill, vetHND, vetCRV ...)

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

vetDILL - Tokenized DILL (vePICKLE)

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

vetHND - Tokenized veHND

  • Users deposit HND to veToken Platform and convert to vetHND with 1:1 ratio
  • Stake vetHND to get profit sharing of:
    • weekly protocol revenue in HND
    • A share of hToken vault revenue
    • VET rewards
    • Claim veHND airdrops

vetCRV - Tokenized veCRV

  • Users deposit CRV to veToken Platform and convert to vetCRV with 1:1 ratio (CRV - vetCRV)
  • Stake vetCRV to get profit sharing of:
    • veToken platform Curve Pool fees in CRV
    • Curve trading fees in 3CRV
    • VETOKEN rewards
    • Claim veCRV airdrops
More vetAsset to come
Last modified 15h ago