Vote escrow ("ve") tokenomics are all the rage in DeFi right now.
Many protocols including $veJOE have already implemented them and many more will do so in future.
But what makes ve tokens so good and what do bribes have to with it?
Read on👇
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Since first introduced by @CurveFinance in 2020, their main purpose was to align the interests of protocols, token holders and liquidity providers.
Tokens that are vote-locked are effectively removed from circulation reducing sell pressure and providing further utility.
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Besides being a good way to boost yields, vote escrow tokens can be used to direct native token emissions and drive liquidity to certain pairs on the exchanges.