☑️veSHELL Staking
Vote-Escrowed SHELL
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Overview
veSHELL (vote-escrowed SHELL) is a token staking and yield system modeled after Curve's veToken mechanism.
DAO members gain votes by staking their SHELL tokens to the DAO. The longer these tokens are staked, the higher the voting power.
One veSHELL token = one vote.
Users may earn rewards (yield) for staking. A portion of the DAO Treasury is allocated to incentivize users to stake the DAO.
For the duration that SHELL tokens are staked, they are locked and non-transferable. However, users may delegate their veSHELL voting power to other users, via the delegation system.
veShell Mechanics
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