veToken Finance: PICKLE Pre-Launch Announcement


The Impact On Liquidity Providers & Stakers

Liquidity providers can deposit pTokens to the veToken system, which will be automatically staked in the Pickle Farm with boosted reward rates. From here, there is the opportunity to gain PICKLE rewards as well as extra incentive tokens, like SUSHI, CVX, LDO, etc. As rewards are claimed from the Pickle Farm and moved to the veToken reward contract, rewards will have a tail emission of seven days. Additionally users receive the veToken platform’s native token, VET, on a pro-rated basis for the PICKLE received.

At any time, users can add or withdraw pTokens with zero deposit or withdrawal fees.

PICKLE stakers can deposit PICKLE in the veToken platform and receive vetDill token; the aforementioned PICKLE is then locked in perpetuity. vetDill can then be deposited in the reward contract; this vetDill can be withdrawn at any time. Now, users can receive a share of boosted PICKLE. Standard Dill rewards will be distributed, generated from performance fees on Pickle Finance. Finally, users can then exchange their vetDill for PICKLE at any time by leveraging the incentivized vetDill/PICKLE liquidity pool. Users also receive the veToken platform’s native token, VET, on a pro-rated basis for the PICKLE received.

veToken stakers can deposit VET on the platform as well, which can be withdrawn at any time. Stakers can receive a portion of platform fees in vetDill.

Looking Forward: Airdrop & Incentivized Liquidity Mining

To bootstrap liquidity for both VET and vetDill tokens, liquidity providers for vetDill/Dill and VET/ETH Sushiswap pools will be able to deposit their LP tokens on veToken to receive VET tokens as rewards.

vetDill represents tokenized deposits, which are minted 1:1 for each PICKLE locked in the platform. Users can stake to receive platform revenue (PICKLE) and VET.

veToken & Pickle: Platform Fees

Benefits of this include that each integrated smart contract is audited separately, in order to ensure the highest fund security. Additionally, veToken performance fees acquired from each project will be calculated separately in order to maintain crystal-clear transparency.

In all, there is a 16% total platform fee from pJar users only:

  • 10% to vetDILL/PICKLE LP provider
  • 5% to VET Stakers
  • 1% for the harvest caller

veToken: Rewards, Audit, and Treasury

Initial liquidity mining pools will be the aforementioned vetDill/PICKLE and VET/ETH.

veToken Finance has a completed audit available via Quillhash (link). Additionally, veToken Finance has the support of Pickle’s core team.

About veToken

You can learn more about veToken Finance at our website below, and join the conversation with our Twitter and Discord communities below as well.

Stay tuned for more to come from the veToken Finance team.

Website TwitterDiscord



veToken Finance

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