veTokenomics and veDC model explained. Frens, $DC #staking is right around the corner.
25 Oct 2022, 10:45
veTokenomics and veDC model explained 🎓
Frens, $DC #staking is right around the corner! 👀
🔍 This is s a great time to learn about veDC tokenomics that will play an integral part in this #Dogechain’s future.
🌐 Read the full writeup in our post here:
Here's a TL;DR version:
veDC is derived from the vote-escrow tokenomics model introduced by Curve.
🔭 The goal is to provide viability to $DC tokens and align token holders’ with the long-term vision of the project.
🔒 veDC allows you to lock your $DC tokens for specific periods of time and receive $veDC tokens.
$veDC tokens are not liquid on the open market and cannot be transferred or sold.
👉 Users sacrifice $DC liquidity for the additional utilities the $veDC tokens provide.
💰 $veDC tokens have high-incentive use cases within the Dogechain ecosystem. They are crucial to:
🔹 Staking with validators
🔹 Participating in the governance of the platform,
where both of these functionalities allow users to access additional rewards in $DC tokens. 🤑
📅 The veDC locker allows lockups from 1 month up to 4 years, with longer timelocks providing higher amounts of $veDC, up to 8X.
This means that long-term supporters will be able to get up to 8 times the yields from staking and governance rewards for the same amount of $DC! 📈
Read the full article for more details 🔎
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