The James Bachini Podcast

Is veDAO the Convex of Fantom | The DAO Setup For ve(3,3)


Listen Later

What happens when two of DeFi's most influential developers join forces to build the industries worse kept secret? Daniele Sestagalli and Andre Cronje are planning to launch a project this month which combines the tokenomics of Curve finance and Olympous DAO. 

The distribution of this token is quite unique. The top 20 projects by TVL on Fantom will be awarded an NFT to do with as they please. The holder of these NFT's will receive continuous distribution of the ve(3,3) token. The idea is that Fantom protocols can then distribute those tokens out to users, incentivising liquidity across the entire Fantom ecosystem.

Enter veDAO a decentralised autonomous organisation with the sole purpose of locking up enough funds to reach the top 20 and receive one of the NFT's. The DAO would then govern the value accrued from their holding. If ve(3,3) can combine Curve Finance and Olympous DAO's tokenomics, perhaps veDAO can go on to become the Convex of the Fantom ecosystem.

This is an audio recording of a video production that may contain visual elements including charts, slides and demonstrations. For the full video please check out the YouTube channel at https://www.youtube.com/c/JamesBachini

There's more in depth content about digital assets, DeFi and blockchain development at https://jamesbachini.com/

...more
View all episodesView all episodes
Download on the App Store

The James Bachini PodcastBy James Bachini