Comment on page
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
$URA is distributed to liquidity providers through emissions.Details regarding the initial distribution and emission schedule of
$URA will be provided as we approach Phase 2.Any
$URA holder 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:
- 100
$URAlocked for 4 years equates to 100$veURA. - 100
$URAlocked for 1 year equates to 25$veURA.
The longer the vesting time, the higher the voting power (voting weight) of the underlying locked balance.
📌 Note:
$veURA positions 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