RWA Finance-Back
  • About RWA Finance
  • 🧲Overview of RWA
  • 🚩Our Ecosystem
  • 🖥️Product Doc
    • 1️⃣RWAS token emission
    • 2️⃣VE Governance
      • ➡️The basic rules
      • ➡️The benefits
      • ➡️Ve products
      • ➡️DAO Voting
      • ➡️veRWAS hoder
    • 3️⃣SWAP Feature
      • 🆙LP Incentives
  • 🪙Token Distribution
    • 💡RWAS Distribution
    • 💡RWAS Emission
  • 🔗Social Media
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  1. Product Doc
  2. VE Governance

The basic rules

  1. Acquisition of veRWAS: Lock the RWAS for veRWAS through the VotingEscrow contract, and the lock is irreversible.

  2. locking period: 1 year, 2 years, 4 years, a year is calculated according to 365 days.

  3. locking rules: A. cannot have multiple locks with different expiry dates. B. Locks can be extended C. Additional RWAS can be added at any time. D. Both B and C operations recalculate the veRWAS balance

  4. redeem RWAS: RWAS tokens can be retrieved at the end of the lock cycle

  5. veRWAS balance calculation formula: veRWAS=Number of Locked RWAS*Remaining Time in Seconds/(4x365x86400), veRWAS balance will be refreshed every second according to the formula.

  6. about veRWAS: veRWAS are non-standard ERC20 tokens and are non-transferable. veRWAS balance will be decreasing linearly according to each block until the balance reaches 0, while the RWAS locking cycle ends.

  7. About Emission: Locking RWAS has no emission benefit of RWAS

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Last updated 1 year ago

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