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PICKLEPICKLEby0xb4522eB2cA49963De9c3dC69023cBe6D53489C98prudentanon.lens

[PIP-40] To whitelist veToken Finance on DILL

Voting ended over 4 years agoSucceeded

Objective

veToken Finance aims to help users vote-lock in various projects, boosts yield and farming rewards and participates in DAO governance.

How does veToken Finance works?

VETOKEN enables users to stake their PICKLE (through staking tokenized Dill), and in turn receive protocol fees and shares of boosted PICKLE received by liquidity providers.

Users are also able to trade tokenized DILL (we call tokenized veAsset in general) at Secondary markets. Accordingly, this staking mechanism provides better capital efficiency, and better balance between liquidity providers and stakers.

In the meantime, VETOKEN’s long term holders are permitted to vote for protocol parameters, such as gauge weights (a la Curve) and Farm Weights (a la Pickle), as well as any other governance voting.

There will be an airdrop for DILL holders and white-list voters , though specific amount need to be finalized.

More details and discussion at: a) https://vetokenfinance.medium.com/83cd4ddfdfcc b) https://forum.pickle.finance/t/request-for-feedback-to-whitelist-vetoken-finance-on-dill-contract/1231/5 c) Smart contract: https://etherscan.io/address/0x05A7Ebd3b20A2b0742FdFDe8BA79F6D22Ea9C351#writeContract

Off-Chain Vote

Proceed with proposal
32.45K 19.7%
Do Nothing
131.97K 80.3%
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Timeline

Aug 02, 2021Proposal created
Aug 02, 2021Proposal vote started
Aug 04, 2021Proposal vote ended
Sep 13, 2024Proposal updated