1/5 What are veToken-Economics and veOCEAN all about.

12 Apr 2023, 17:27
1/5 What are veToken-Economics and veOCEAN all about? This is a way to reward long-term holders and incentivize voting in decentralized governance. A thread 🧵

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Ocean Protocol
Ocean ProtocolOCEAN #2766
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12 Apr 2023, 17:30
What are veToken-Economics and veOCEAN all about? This is a way to reward long-term holders and incentivize voting in decentralized governance. When you “lock up” your tokens for voting or revenue share, you earn veTokens (vote escrowed) that reflect your conviction and commitment to the system. These veTokens (veOCEAN) can be used to increase your voting power and earn additional rewards ($) for participating in governance. By locking up their tokens, users signal their confidence in the protocol and encourage others to do the same, making the network stronger. veToken-Economics help align incentives and promote long-term sustainability in decentralized systems… and they come with a $ rewards. Explore converting OCEAN to veOCEAN at:
What are veToken-Economics and veOCEAN all about.
What are veToken-Economics and veOCEAN all about? This is a way to reward long-term holders and incentivize voting in decentralized governance. When you “lock up” your tokens for voting or revenue share, you earn veTokens (vote escrowed) that reflect your conviction and commitment to the system. These veTokens (veOCEAN) can be used to increase your voting power and earn additional rewards ($) for participating in governance. By locking up their tokens, users signal their confidence in the protocol and encourage others to do the same, making the network stronger. veToken-Economics help align incentives and promote long-term sustainability in decentralized systems… and they come with a $ rewards. Explore converting OCEAN to veOCEAN at: http://df.oceandao.org