2️⃣VE Governance

About VE token

The full name of veToken is Voting Escrow Token (Voting Escrow Token). Users who pledge RWAS in "Voting Escrow Contracts" can get a certain number of veRWAS, which is the governance voting right of the agreement.

What is veRWAS?

veRWAS stands for Voting Escrow RWAS. it is a mechanism whereby users can lock their RWAS tokens for varying lengths of time in order to gain voting rights. Users can choose to lock their RWAS for at least one year and up to four years. Those with longer voting escrow hold more shares and thus gain greater voting rights. A user's voting rights diminish over time until they reach zero at the time of unlocking.

VE Governance Model

The core mechanism of ve (vote escrow) is that users get veToken by locking token, which realises democratic community autonomy and decentralisation of minting rights. Users can stake and lock RWAS in our VE pool to get veRWAS, and thus get the right to vote and accelerate token emission.

VE governance is a token economics model that takes into account the balance between token supply and demand and liquidity. veRWAS holders can independently and jointly decide the token emission policy to realise a fairer and more scientific RWA emission.

veToken is a governance token with non-transferable and non-circulating, the longer you lock, the more veToken you will get.

• 1 veRWAS = 1 vote

• Staking period has 1 year, 2 years, 4 years, which can be extended.

• Stake one time can only have one maturity date.

• veRWAS decreases over time until it reaches 0.