Introducing the VRTX token mechanics.
Vertex Protocol plans to decentralize governance and provide additional utility via the release of a governance token, VRTX.
The main function of VRTX will be to facilitate effective decentralized participation in Vertex while also creating xVRTX, a liquid staking token, and voVRTX, the protocol’s untransferable voting token. Both are essential in rewarding different levels of commitment to the protocol and rewarding stakeholders at various levels of governance and participation.
Last modified 1mo ago