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