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Definitions & Concepts
$THEemissions currently have two key objectives:
- Reach and maintain adequate liquidity to facilitate optimal trading conditions —
$THEare emitted as farming rewards to incentivize deep liquidity
- Encourage decentralized governance —
$THEcan be used to take part in the governance for continuous development of the platform. The long term goal is to achieve true decentralization.
veTHEis the vote-escrowed version of
$THE. Users can lock their
$THEtokens for up to 2 years to get
veTHE. The longer the lock, the higher the amount of
veTHEvoting power received.
To encourage continuous locking and sustained participation from stakeholders, the
veTHEbalance of users declines over time until it reaches zero at the conclusion of the initial locking period.
veTHEpositions can be increased, split up and resold on a secondary market.
theNFTcan be staked for revenue sharing. The staking pool receives a share of trading fees from THENA, as well as royalties from secondary sales of