Token

Hyperstable uses two tokens to manage its utility and governance:

$PEG (ERC-20), is distributed to liquidity providers through emissions and;

$vePEG(NFT), which is used for Governance, to vote on Emissions, to earn (100% of) protocol revenue and receive Incentives. vePEG also gets protected from dilution via Rebases.

Vote Escrow

The ''ve'' in vePEG stands for : Vote Escrow, which is a mechanism used in decentralized governance to ensure fairness and transparency in decision-making. Any PEG holder can vote escrow their tokens and receive $vePEG in exchange. With Hyperstable, we call this Locking.