From ecad095bb48b315899f9905295dfb3c96239c5ee Mon Sep 17 00:00:00 2001 From: "dr. mia von steinkirch, phd" <1130416+mvonsteinkirch@users.noreply.github.com> Date: Tue, 7 Feb 2023 10:10:12 -0800 Subject: [PATCH] =?UTF-8?q?=F0=9F=91=BE=20MEV=20extraction=20can=20be=20a?= =?UTF-8?q?=20force=20of=20good=20in=20a=20non-predatory=20blockspace=20fr?= =?UTF-8?q?ee-market=20as=20an=20incentive=20for=20economic=20security.?= MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit --- tokenomics/voter_escrowed_tokens.md | 14 -------------- 1 file changed, 14 deletions(-) delete mode 100644 tokenomics/voter_escrowed_tokens.md diff --git a/tokenomics/voter_escrowed_tokens.md b/tokenomics/voter_escrowed_tokens.md deleted file mode 100644 index ce01df4..0000000 --- a/tokenomics/voter_escrowed_tokens.md +++ /dev/null @@ -1,14 +0,0 @@ -## ve (voter escrowed) tokens - -### tl; dr - -1. you lock up your token (say CRV), and it's converted (to say veCRV), which has the governance power of the protocol -2. the lock period isn't fixed: the token holder can decide how long they want to lock (max 4 years0 -3. as time goes on through the lockup period, the amoun of token (say veCRV) that a holder has decays lineraly, incentivizing the holder to periodically relock ther original token (say CRV) for ve token (say veCRV) -4. this creates weighted votes and rewards, plys once converted, the tokens are locked with no unstaking options - - -#### effects - -* short-term governance protection against whales (tokens are locked up) -* fliexibility to choose locked up period