veDOP is non-transferable token that can only be obtained through locking DOP.
Upon locking your tokens, an NFT is minted, representing your veDOP position. The NFT tokenizes the lock position and allows a single address to own more than one lock. Locks balances are cumulative and each lock contributes to the overall veDOP balance.
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 DOP.