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veUP
The
UP tokens entering the market can be purchased and converted to veUP. Holders of veUP have the opportunity to:- Earning
- Voting
- Boosting
- Governing
veUP receives 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.Holders of
veUP have the ability to vote for the pools to be incentivized each week with UP emissions based on their proportionate holdings. As a result, they receive bribes immediately, also known as "cash for vote."Owning
veUP also 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
veUP also 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.Last modified 6mo ago