handle.fi
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  • πŸ‘‹introduction
  • πŸ› οΈhandle.fi use cases & benefits
  • FOREX
    • πŸ’±FOREX tokenomics
    • πŸ—³οΈgovernance staking (veFOREX)
      • obtain fxUSD/FOREX BPT & lock for veFOREX
    • πŸ‘œhow to buy FOREX
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      • ⚠️CDP liquidations
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    • 🌊liquidity pools
      • πŸ’±handle Liquidity Pool (hLP)
      • πŸŒ™curve handle3pool
      • πŸŒ™curve handleFRAXBP
      • 🌊FOREX pools
        • Balancer (80/20) FOREX/fxUSD (arb)
        • UniV3 FOREX/WETH (main)
      • 🌊fxToken - FX liquidity pools
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          • PIE #1 - retweets
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          • PIE #4 - content production
          • PIE #5 - referrer program
          • PIE #6 - troop participation program
          • PIE #7_b - convert & win
  • protocol SPECS
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  1. FOREX

governance staking (veFOREX)

PreviousFOREX tokenomicsNextobtain fxUSD/FOREX BPT & lock for veFOREX

Last updated 1 year ago

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users can lock FOREX/fxUSD (80/20) Balancer Pool Token (BPT) into the to receive veFOREX - 'vote escrowed FOREX'.

holders of veFOREX, provide valuable 'locked' liquidity to the protocol, are in return are rewarded by being able to;

(i) participate in protocol governance,

(ii) up to 2.5x boosted rewards & superior APRs across a whole range of protocol actions - providing liquidity, trading & converting or referring new users.

(iii) receive a share of any protocol fees distributed to the governance pool, and

the longer the holder locks their , the more veFOREX they will receive and the larger their voting power and boosted rewards.

the minimum locking time one week epochs and the maximum, one year. 1 BPT locked for the maximum duration is equivalent to 1 veFOREX. a users veFOREX weight decreases linearly as the escrowed tokens approach their lock expiry.

**for instructions on how to add balancer liquidity and lock for veFOREX - **

the following is a breakdown of reward categories and where veFOREX boosts apply

category
veFOREX boost

governance pool - FOREX/fxUSD

YES

hLP depositors

YES

fxKeeper pools

YES

curve fxUSD - handle 3pool

YES*

curve fxEUR

YES*

trade & convert rebate %

YES*

referral %

YES*

*implementation in progress

**this tokenomic system draws from the innovative and foundational work implemented by curve.fi. we thank them for their inspiration and contribution to both defi and protocol tokenomics.

πŸ—³οΈ
handle governance pool
FOREX/fxUSD (80/20) BPT
click here