The veKITTEN votes are starting to roll in over at @KittenswapHype ​ The ve(3,3) model is quite a hardened one and for good reasons ​ These always pump crazily time and time again across all chains, just look at $SHADOW on @SonicLabs, it performed better than $S itself ​ Why is that so though? ​ Let's take a look using KittenSwap as an example 👇 The model works like this: ​ - You exchange your liquid version for a vote-locked (ve) token - You use it to vote on which pools most $KITTEN emissions should go - You get the fees and incentives for the pools you vote ​ Going more specific ​ - veKITTEN is automatically locked for 2 years - The DEX makes around $1M in fees per month - The first month of voting has an extra $1M of incentives ​ On top of this, @hyperwarpfi lets you buy and sell veKITTEN as NFTs (they might do the same for future locked tokens) ​ You can buy at a big discount on it right now (~50% of current prices) ​ ▶️ Holders of the token have very good reasons to lock and hold Most pools are at triple-digits right now ​ Good yield, as simple as that
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