Token

Hyperstable uses two tokens to manage its utility and governance:

$PEG

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

$vePEG

which is used for Governance, to vote on Emissions, to earn (100% of) protocol revenue from interest and liquidation fees and receive Incentives. vePEG also gets protected from dilution via Rebases. vePEG is represented as a (transferrable) NFT.

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.