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
Powered by GitBook
On this page

Was this helpful?

  1. Tokens

veDOP

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.

PreviousOverviewNextEmissions Distribution

Last updated 1 year ago

Was this helpful?