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UPtokens entering the market can be purchased and converted to
veUP. Holders of
veUPhave the opportunity to:
veUPreceives 100% of the trading fees generated by UpDEX, in addition to earning 100% of the bribes offered by other protocols to bootstrap liquidity on the UpDEX platform.
veUPhave the ability to vote for the pools to be incentivized each week with
UPemissions based on their proportionate holdings. As a result, they receive bribes immediately, also known as "cash for vote."
veUPalso provides the benefit of boosting rewards on provided liquidity. By voting, you can earn a boost of up to 2.5x on the liquidity you provide on UpDEX. Please note that this feature will be paused during the growth phase of the UpDEX platform.
In addition to the benefits mentioned earlier, owning
veUPalso gives you the power to influence the future direction of the UpFront Protocol platform. This includes having the ability to choose technical pool parameters, operators, and elect governance. It is important to note that the on-chain governance feature will be made available in the future once the UpFront Protocol platform is fully boostrapped.