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VCX

Vetokenomics
oVCX Flowchart

What is VCX?

VCX is VaultCraft's new token, POP holders can convert their POP for VCX at a 1:10 ratio. VCX draws inspiration from the successful protocol bunni.pro and introduces a governance/liquidity incentive token that aligns incentives across all VaultCraft stakeholders and is designed to further optimize the following:
  • Protocol revenue
  • Smart Vault yield
  • VaultCraft utilization
  • Token liquidity
  • Token velocity

New Features

VCX incentivizes liquidity using a liquidity incentive token (VCX) via an improved vetokenomics system.
The improvements disincentivize farming-and-dumping and encourage long-term liquidity provision by aligning the interests between LPs and VCX holders.
  • Vote-locked VCX is now a Balancer LP token - VaultCraft uses the Balancer 80VCX-20WETH LP token as the lock token for obtaining veVCX.
  • Gauges - Staking contract where users stake assets and are rewarded pro-rata depending on veVCX distribution.
  • Reward token is now a call-option for VCX - Reward tokens are now call options on VCX (oVCX), enabling the protocol to accumulate much more in cash reserves regardless of market conditions, as well as letting loyal VCX holders buy VCX at a discounted price.
  • Max boost enabled for Smart Vaults - VaultCraft gives a 5X max boost to LPs who have veVCX, increasing the advantage of holding veVCX.

3 VCX Tokens

VCX

  • A native token for incentivizing liquidity

veVXC (vote-escrowed VCX)

  • veVCX is based on Curve’s veCRV 1
  • Used for voting for governance proposals
  • Used for voting on gauge weights

oVCX

  • oVCX is a call option token for VCX that lets its holder purchase VCX at a discount to the market price. oVCX does not expire.