veSync
  • Introduction
    • veSync
    • Protocol Overview
    • Protocol Partners
    • ve(3,3) Master Protocol List
  • Tokens
    • $VS (veSync Token)
    • veVS (veNFT)
  • Tokenomics
    • Fund Raising (IDO) & DEX Listing
    • Initial Distribution
    • Emissions
  • Liquidity & Vote & Reward
    • Liquidity Pools
    • Gauge Voting
    • Rewards
  • Info
    • Contract
      • $VS token contract
      • Dex contract
      • Liquidity pools contract
    • Roadmap
    • Official Links
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  1. Tokens

$VS (veSync Token)

vsSync uses two tokens to manage its utility and governance:

  • $VS(veSync) — ERC-20 utility token of the protocol

  • $veVS — ERC-721 governance token in the form of an NFT (non-fungible token)

$VS is used for rewarding liquidity providers through emissions.

veVS is used for governance. Any $VS the holder can vote-escrow their tokens and receive a veVS (also known as veNFT) in exchange. Additional tokens can be added to the veVS NFT at any time. veVS can be increased, split up, and resold on a secondary market.

The lock period (also known as the vote-escrowed period, hence the ve prefix) can be up to 1 year(52weeks), following the linear relationship shown below:

  • 100 $VS locked for 1 year (52 weeks) will become 100 veVS

  • 100 $VS locked for 1/4 years (13 weeks) will become 25 veVS

The longer the vesting time, the higher the voting power (voting weight), and the rewards the veVS holder receives.

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Last updated 1 year ago