Tokens

Viridian Exchange utilizes two tokens to oversee its utility and governance:

• $VIRI — ERC-20 utility token for rewarding liquidity providers with emissions.

• Set of Votes — ERC-721 governance token (NFT) used for governance.

$VIRIholders holders can lock their tokens to receiveSet of Votes, which can be increased with additional tokens at any time.

DeFi concepts

Viridian Exchange combines two DeFi concepts:

• Vote-Escrow, inspired by Curve, boosts incentives for long-term token holders means holders gain protocol fees, bribes, and governance power.

• Staking LP involves liquidity providers staking their tokens to earn $VIRI emissions, while bonding allows users to use their rewards to acquire more $VIRI.

Together, these mechanisms encourage behaviors that support Viridian's success.

Summary

Viridian encourages liquidity with its Lock & GovEarn model, rewarding providers and governance participants through emissions, trading fees, and bribes. This strengthens pairs critical to the ecosystem.

Here's how it operates:

1. Lock VIRI to get veVIRI.

2. Hold veVIRI to govern VIRI emissions.

3. Governance rewards include 100% trading fees & bribes.

In this context, governance isn't about voting on protocol futures. It's about weekly voting on gauges to distribute VIRI.