$veNEC

Stake $NEC,Get $veNEC

Stake $NEC tokens to get $veNEC, which can be used for voting rewards.

The longer the lockup period, the greater the reward and voting power of their $veNEC :

• Lockup period of 1 week = 0.005 $veNEC

• Lockup period of 1 month = 0.02 $veNEC

• Lockup period of 6 months = 0.12 $veNEC

• Lockup period of 1 year = 0.25 $veNEC

• Lockup period of 2 years = 0.5 $veNEC

• Lockup period of 3 years = 0.75 $veNEC

• Lockup period of 4 years = 1 $veNEC

About $veNEC Token

(1) Voting function of $veNEC

$VeNEC holders have the power to choose which liquidity pools they wish to vote on, with the added perk of earning fees from the pools they have voted for.

Through their votes, these voters get to decide which liquidity pools receive more rewards from the DAO. Additionally, various protocols may offer incentives to sway voters to vote in specific pools. At the end of each 10-day period, voters receive rewards from both transaction fees and potential incentives, giving them the opportunity to earn rewards while also playing an active role in shaping the direction of the DAO.

(2) Rewards for $veNEC Voters

• 30% of trading fees generated by the pools they vote for

• Rewards from DAO's $OPEN rewards

(3) Role of $veNEC in Protocol Governance

In addition to modifying parameters within the protocol, the scope of governance also encompasses voting on community proposals.

$veNEC holders have the power to shape the direction of the protocol and play an active role in its development and growth.