veYND Parameters
$YND -> veYND = $$$
Last updated
$YND -> veYND = $$$
Last updated
How is veYND Used? veYND is the governance token for YieldNest, enabling users to participate in decentralized decision-making. To mint veYND, users stake YND and receive an NFT that accumulates voting power over time. The longer YND is locked, the greater the voting power, aligning long-term commitment with increased influence.
Holding veYND gives users the right to vote on critical protocol decisions, including yield strategies, parameter adjustments, and incentive structures. It also entitles holders to a share of protocol-generated rewards, proportional to their voting power. This model ensures that YieldNest remains governed by its community, with protocol evolution guided by its most engaged stakeholders.
veYND Parameters
Category
Name
Description
Value
Voting Power Curve
Max Multiplier
Maximum voting power multiplier, achieved when veYND is locked indefinitely.
4x
Max Duration
Time to reach max multiplier under a linear curve.
3 years
Warmup Period
Time before veYND becomes active for voting after locking.
0
Exit Queue
Cooldown
Period after initiating an exit during which veYND is illiquid, earns no rewards, and holds no voting power.
30 days
Min Lock
Minimum lock duration before entering the exit queue.
0
Exit Fee Percent
Fee paid in YND upon withdrawal.
0%
Escrow
Minimum Deposit
Minimum amount of YND required to mint veYND.
100 YND
ERC721
Name
Locked NFT name
veYND
ERC721
Symbol
Locked NFT Icon
These parameters are subject to change through governance proposals voted on by veYND holders, enabling flexible and community-driven protocol evolution.
