🧙‍♂️veZARD

ERC-721 - NFT Management

How to get veZARD

To obtain veZARD, users can lock their ZARD for a period of up to 2 years. The longer the lock period, the higher the conversion rate:

1 ZARD locked for 2 years -> 1 veZARD 1 ZARD locked for 6 months -> 0.25 veZARD

The veZARD balance will continuously decrease as the lock period decreases, which helps to control inflation for ZARD and maintain liquidity for both ZARD and veZARD.

Income from veZARD

veZARD provides the following potential sources of income:

• Voting on Gauges: veZARD can be used to vote on Gauges. When voting, veZARD will receive 80% of the trading fee and 100% of the double bribe with the respective Gauges.

• Trading: veZARD holders can also make money by reselling veZARD on a secondary market.

veZARD Specifications

• ve(3,3) Mechanics: In the Solidly-initiated ve(3,3) Mechanics concept, the Olympus DAO anti-dilution technique is combined with Curve's vote-escrowed model. This method protects veZARD holders from dilution and allows for the dynamic allocation of veZARD among participants over time.

• Gauge: A pool with variable ZARD awards determined by the distribution of veZARD votes each epoch.

• Bribes: A specified number of tokens given to veZARD holders on a scale by a third party in return for their votes.

• Flexibility: Positions in veZARD can be combined and exchanged on the secondary market.