Drops
  • Drops
    • Introduction
  • Governance
    • DOP - Protocol Governance & Ownership
  • Tokens
    • Overview
    • veDOP
      • Emissions Distribution
    • esDOP
      • esDOP parameters
      • esDOP vesting duration
      • Situational examples
  • Loans
    • Overview
    • NFT Lending Pool
      • Liquidation parameters
      • Liquidations
    • Positions Lending Pool
      • Components
      • Using vault markets
      • APY Calculation
    • Interest rates
    • dTokens
  • Tutorials
    • How to borrow against NFT
    • How to repay NFT loan
    • How to lend and earn yield
    • How to use SweepMax
  • SweepMax - Financing
    • Overview
    • Features
    • How does it work?
  • NFT Price Oracle
    • Overview
    • Verifying Sale
    • Extreme outliers removal
    • Probable outliers removal
    • Floor TWAP
  • Links
    • Audits
    • Smart contracts
    • Risks
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  • DOP
  • veDOP
  • esDOP

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  1. Tokens

Overview

The DropsDAO ecosystem has three token components: DOP, veDOP and esDOP. Each of these is a form of the protocol’s native token, with a different purpose.

DOP

DOP is the native token of the Drops protocol, in its regular form. It is completely transferable.

veDOP

veDOP is short for vote-escrowed DOP. It represents a claim on DOP that has been locked up (also referred to as “staked”) in the protocol.

veDOP is not transferrable.

esDOP

esDOP is escrowed DOP that has been paid out in protocol rewards. It represents a claim on DOP that can be redeemed over time.

esDOP is transferrable to whitelisted contracts.

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Last updated 1 year ago

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