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
  2. Governance

Introduction

Background

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

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Last updated 1 year ago

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