💰Tokenomics
Starmaker uses two tokens to manage its utility and governance:
$STAR— ERC-20 utility token of the protocol$veSTAR— ERC-721 governance token in the form of an NFT (non-fungible token)
$STAR is used for rewarding liquidity providers through emissions.
$veSTAR is used for governance. Any $STAR holder can vote-escrow their tokens and receive a $veSTAR (also known as veNFT) in exchange. Additional tokens can be added to the $veSTAR NFT at any time.
The lock period (also known as vote-escrowed period, hence the ve prefix) can be up to 4 years, following the linear relationship shown below:
100
$STARlocked for 4 years will become 100$veSTAR100
$STARlocked for 1 year will become 25$veSTAR
The longer the vesting time, the higher the voting power (voting weight) and rewards the $veSTAR holder receives.
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