Cross-Chain Bridge Protocol Multichain Releases New Governance Token $veMULTI Proposal

Cross-chain bridge protocol Multichain (formerly AnySwap) has launched the new governance token $veMULTI proposal. Future proposals will be made through veMULTI governance voting. Anyone who stakes $MULTI will receive a veNFT of $veMULTI, the power of which is determined by the $MULTI amount and the locking duration. With the exception of the 10% bridge fees for the purpose of the Safety Fund, 50% of the remaining bridge fees will be distributed as incentives and dispersed every quarter in USD. This proportion of bridge fees from Q1 2022 will be distributed in Q2 2022 as rewards.