veToken Newsletter — April 2022
Hey everyone! Welcome to our newsletter, where we share updates regarding veToken and our ecosystem each month.
If you haven’t already, be sure to follow us on Twitter and join the community Discord to stay up to date.
Summary
April 2022 for the veToken Finance team has been another busy month. The benefits of generic contracts developed in the past few weeks will enable us to add ve-model projects for integration and testing with relative ease. We have also added 4 projects for near-term targets for launch, and will continue reaching out to more projects in the coming months. We are still targeting to launch by the end of May. In the meantime, we have received approval from the Olympus incubator team to launch the Olympus Pro Marketplace, which is essential for us to enable users to seamlessly purchase VE3D bonds by using the ve3Asset — Asset LP.
Additionally, we have been working on bribe.crv with new features, and we are developing a new generation of bribe voting systems for generic projects, which we are very excited about.
Project Partnerships
We are very excited to have the engagement of the Olympus incubation team around the potential launch of the LP bond through the Olympus Pro Marketplace. We have seen very good progress there, and we will proceed with the official announcement as per the requirements of the OHM team. Additionally, the bribe v3 voting system is tracking very well, and currently we are working with a top tier DeFi project, and hoping to co-launch a product that brings benefits to broader ve-model projects around native ve-Asset voting. Meanwhile, we are integrating to Angle Protocol and working to help the community lock more veANGLE while bringing boosted rewards to regular DeFi users.
Development Updates
Front End:
We are finalizing the infracture of the website, and have made the site relatively easier to add more pools when we add new projects — emphasizing our focus on scalability. Beyond just Pickle, we have now added IDLE, ANGLE, and Ribbon as well.
Smart Contracts:
We have finished contract development and a bulk of the integration test, and have scheduled for an audit by code4rena in the next few days. Our decision to choose code4arena is encouraged by the broader contest participants that are incentivized to work creatively to find as many rare, high risk vulnerabilities as possible. Additionally, we have seen recently that there are many well known projects have created contests through this platform such as Alchemix, Convex, abracadabra.money, etc.
veMarketcap And Bribe Protocol:
Regarding veMarketcap, we have spent some time developing the subgraphs for tracking protocol revenue. It has taken a bit more time than we expected, as a few projects that have adopted the veToken model are not using feedistrobutor.sol to distribute rewards, which requires some extra time to develop some customized solutions for them.
*Note that the above screenshots are just a mock-up page; the numbers displayed are not accurate/current.
Regarding bribe.CRV., we have added a new dashboard to track bribe veCRV cost, and to improve the UI design. (At the time of publishing, we have placed the dashboard offline to make major upgrades and to verify the accuracy of the data). There will be more to come in May.
Next Steps:
- Finish the contract audit
- Prepare initial product launch
- Continue to engage with projects that have implemented the ve-model
About veToken
veToken Finance was created in 2021 with the intent of maximizing rewards without sacrificing token accessibility. veToken looks to continue to adopt new voting escrow projects as they come to market, with an expected initial launch date later this year. veToken enables and encourages governance, reward maximization, and liquidity — all in one place, encompassing a multitude of projects.
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.
