veToken Newsletter — April 2022

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.

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:

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.

  • 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.

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