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Vote-escrow tokenomics have been a game-changer in the DeFi space since their inception. Standout platforms such as Curve have underscored their potential by enabling users to lock their tokens for a share of the revenue. For years now, it's been a proven mechanism to drive growth, boost TVL, and cultivate a thriving community.
However, this model presents challenges, primarily the liquidity constraints due to the non-transferable nature of the locked tokens. Vesper's esVSP offers an evolved approach. Drawing from the foundational principles of the vote-escrow model, esVSP is designed to address these challenges and ensure a more robust system that benefits users of the Vesper ecosystem.
Key features include:
- Rewarding long-term users with a share of the revenue
- Liquid positions where users can trade their locked esVSP on the open market as an ERC-721 token
- Early exit with fees directed to the Vesper DAO Treasury