Curve, Convex, Llamas, Butterflies, Token Reactors, and a Big Bag of Stablecoins

We’re upgrading the PERP tokenomics! With the imminent move to a veToken model, you may be wondering what is veTokenomics? Read on to find out more.

One of the biggest DeFi narratives of2022 has been the ‘ve’ (“vote-escrow”) token model. The first of a series, this article provides an overview of the ‘ve’ token model, some of its constraints, and some pointers towards an improved model.

The veModel is the holy grail of tokenomics, aligning user incentives and focusing on long-term Protocol performance.