veDOP is used for Drops governance and voting. In order to obtain veDOP, DOP must be locked up for a period between 6 months and 4 years.

The longer the time-lock, the greater the quantity of veDOP issued per DOP.

User determines own lock-up length, the maximum being up to 4 years. 1 DOP locked for 4 years provides 1 veDOP.

Over time veDOP balance is decreasing as locked DOP gets closer to the unlock date.

For example, when a user locks 1,000 DOP for 4 years, veDOP balance will be 1000.

After 2 years pass, veDOP balance will become 500 veDOP and 0 veDOP after 4 years.

Last updated