Last updated
Last updated
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.
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.
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:
Lock VIRI to get veVIRI.
Hold veVIRI to govern VIRI emissions.
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.
