Description: The people deserve a distro! veDAO is an experiment with a single purpose: capture enough TVL to qualify as a top 20 project on Fantom, meeting the snapshot requirements to receive one of Andre Cronje’s ve3 NFTs. These NFTs allow holders to help govern Andre Cronje & Daniele Sesta’s new Solid protocols. Individuals may farm the veDAO governance token, $WeVE, via a four-week yield-farming/liquidity mining program. Holders of $WeVE will collectively govern the Cronje ve3 NFT, and DAO governance will determine how any future NFT farming rewards are distributed. veDAO’s $WeVE farming vaults accept six assets: ETH, FTM, USDC, MIM, YFI, & FRAX.
This is a fair launch: no seed, no private sale, no pre-farm, nor any other insider deal. 10% of the total token supply will be allocated to Information Token DAO (Twitter, website), and will continue to support the project. 5% will be allocated to veDAO and held in a multi-sig (including a non-member of Information Token DAO) for protocol growth and development, and ongoing operating expenses.
We are here to stay. We are here to bring an opportunity to retail and small investors to be able to help govern one of Andre Cronje’s 20 NFTs through the $WeVE token. We have brought new capital, new users, and new excitement to the FTM ecosystem.
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