veDAO

veDAO is an experiment with a single purpose: capture enough TVL to qualify as a top 20 project on Fantom, meeting the snapshot requirements to receive one of Andre Cronje’s ve3 NFTs.

In several tweets and a medium post, Andre Cronje outlined the planned distribution of ve3 NFTs to “the top 20 Fantom TVL teams”, with Fantom TVL ranking based on DeFiLlama dashboards. The exact date of the TVL snapshot is unknown but will likely be taken by January 21st, 2022.

Individuals may farm the veDAO governance token, $WeVE, via a four-week yield-farming/liquidity mining program. Holders of $WeVE will collectively govern the Cronje ve3 NFT, and DAO governance will determine how any future NFT farming rewards are distributed.

This is a fair launch: no seed, no private sale, no pre-farm, nor any other insider deal. 10% of the total token supply will be allocated to Information Token DAO (Twitter, website), which developed and will continue to support the project. 5% will be allocated to veDAO and held in a multi-sig (including a non-member of Information Token DAO) for protocol growth and development, and ongoing operating expenses.