Alchemix Launches ve Token Model Tokenomics and Alchemix DAO
May 24,2022,11:08
DeFi lending protocol Alchemix announces the launch of a new tokenomics for the ve token model and the Alchemix DAO. Of these, veALCX lockers can choose to lock their tokens for any duration between two weeks and two years. Just like veCRV, the longer the lock, the greater the powers and reward will be for them. Additionally, there will be a “rage quit” function, that will allow and veALCX locker to exit from their locked position. In doing so, they will have a penalty that will slash an amount of their original deposit and burn those BPT tokens, converting it to permanent liquidity.
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