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URA & veURA
Two Core Tokens of the Ecosystem
Ura uses a dual token model to incentivize different participants to perform various functions within the ecosystem.
$URA— Transferable and tradeable token, following the Terra Token Factory standard
$veURA— Virtual Token representing one or more Vote-Escrowed Positions
$URAis distributed to liquidity providers through emissions.
Details regarding the initial distribution and emission schedule of
$URAwill be provided as we approach Phase 2.
$URAholder can vote-escrow their tokens and receive a
$veURA(a virtual token representing a staked position) in return.
The lock period (or vote-escrowed) period, signified by the "ve" prefix, can be up to 4 years, following the linear relationship outlined below:
$URAlocked for 4 years equates to 100
$URAlocked for 1 year equates to 25
The longer the vesting time, the higher the voting power (voting weight) of the underlying locked balance.
$veURApositions cannot be consolidated, divided, and traded on secondary markets.
- Fees: Voters are entitled to 100% of the swap fees generated by the pools they vote for each epoch.
- Bribes: Voters earn 100% of the bribes associated with the pools they vote for each epoch.
📌 Note: The voting power of $veURA decreases over time, reaching zero at the lock end. To maintain influence, users can add new lock positions. This promotes active participation in the ecosystem.
Stay tuned for this
Last modified 19d ago