Vesper Documentation
  • Introduction
  • Vesper Features
  • Vesper Participants
  • Vesper Pools and Strategies
    • Vesper's Modular Pool Architecture
    • Multi-Chain and Cross-Chain Deployments
    • Overview of Vesper Pools
      • Vesper Grow Pools
    • Overview of Vesper Strategies
      • Maker-to-Platform Strategy
      • Direct-to-Lending-Platform
    • Discussion of Risk
  • VSP Economics
    • VSP Token: Supply, Issuance, & Rewards
    • Governance
      • Introduction
      • Locking
      • Unlocking
    • Revenue Model
  • Community Participation
    • Decentralization Plan
    • The Voting Process
    • Governance Principles
  • Vesper Developers
    • Vesper Developer's Guide
      • Introduction
      • Vesper Framework Levels
      • Overview of Flow Control
    • Vesper Pool Metadata
    • Pool and Strategy Creation and Deployment
    • Vesper Contracts API Reference
      • Pool Contracts
        • PoolAccountant
        • PoolAccountantStorage
        • PoolRewards
        • PoolRewardsStorage
        • PoolStorage
        • VETH
        • VPOOL
        • VesperEarnDrip
      • Strategy Contracts
        • Earn
        • Strategy
        • VesperStrategy
        • EarnVesperStrategy
        • EarnVesperStrategyVSPDrip
    • JavaScript Library
    • Contracts Data
    • Vesper Improvement Proposal Template
  • Marketing
    • Brand Guidelines & Assets
  • Reports
    • Quarterly Reports
    • Smart Contract Audits
  • FAQ
  • Glossary of Terms
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  1. VSP Economics

Governance

With esVSP comes the transition to on-chain governance. This new model uses a modified version of Compound Governance’s code, with Tally.xyz as the user interface. In order to participate, users will need to lock VSP for esVSP, with voting power determined by the number of esVSP a user has. Holders of esVSP will then be able to make decisions, propose, and vote upon changes to the Vesper protocol on a weighted basis.

Once locked, the boosted amount is calculated based on the number of VSP tokens a user has locked, and the duration of the locking. The maximum boost is 4x, and represents voting weight. Voting power is based on the boosted amount.

Note that initial functionality will be limited and expanded over time.

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Last updated 4 months ago

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