Discover and read the best of Twitter Threads about #AnchorWars
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1/ With the passing of Prop 26, $ANC tokenomics are getting an upgrade! 🎉
Let’s dive into what the move from $ANC to $veANC will look like & how it impacts voting, staking rewards, & the soon-to-come collateral gauges which could lead to the #AnchorWars⚔️ 🧵
Let’s dive into what the move from $ANC to $veANC will look like & how it impacts voting, staking rewards, & the soon-to-come collateral gauges which could lead to the #AnchorWars⚔️ 🧵
2/ At a high-level, $veANC, also known as vote-escrowed or vote-locked $ANC, will replace $ANC as the voting token for the Anchor ecosystem & introduce vote locking periods to the tokenomics model.
3/ Users will be incentivized to lock-up their $ANC for anywhere from 1 week - 4 years to get boosted governance power of up to 2.5x in return. 🚀
