veLISTA Summary
Item | Description |
Ticker Symbol | veLISTA |
Features | Cannot be transferred |
How to get | Lock LISTA to get veLISTA |
Locking period | From 1 week to 52 weeks |
Lock exchange rate | 1 LISTA (Lock 52 weeks) = 52 veLISTA 1 LISTA (Lock 20 weeks) = 20 veLISTA 1 LISTA (Lock 1 Week) = 1 veLISTA |
Will veLISTA holdings be fixed after locking? | No, veLISTA will decrease linearly every week. Locking period is updated every Wednesday 00:00 UTC +0. If users do not turn on the auto locking feature, their veLISTA holdings will decrease every wednesday UTC+0. Example: 1. Alice locks 1 LISTA for 52 weeks on Thursday. She receive 1* 52= 52 veLISTA. 2. Next Wednesday，her veLISTA = 1*(52 -1) = 51veLISTA. 3. Next N weeks on Wednesday，veLISTA= 1*(52 -N) Next 52 Weeks Wednesday, veLISTA = 0. 4. Alice will be able to fully claim her LISTA tokens without any early Unlock fees. |
Extending veLISTA Locking period | Users will be able to extend their locking period (in weeks) for LISTA at any point of time, up to a maximum of 52 weeks. All LISTA locks will share 1 Lock ETA. Example: 1. Alice locks 1 LISTA for 10 weeks, and the unlocking date is set at July 15. 3. After 3 weeks, Alice wants to lock another 1 LISTA. 4. However Alice is only allowed to lock her 1 LISTA for 7 weeks, so that the unlocking date will still be set at July 15. 5. Alice, however, has the choice to extend her locking period to beyond July 15, up to a maximum of 52 weeks.
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Claiming LISTA before the unlock | Users will be able to claim their LISTA token before the unlocking period by paying an Early Unlock Fee. The Early Unlock Fee to exit early starts at 100% and decays linearly based on the number of weeks remaining until the tokens unlock. Formula: Early Unlock Fee = (total_Locked_amount * weeks_to_unlock)/52 Example 1 Alice locks 100 LISTA for 52 weeks. If Alice decides to claim her LISTA immediately: Early Unlock Fee = 100 * 52 / 52 = 100 LISTA Alice will receive：100 LISTA - 100 LISTA = 0 LISTA Example 2 Alice locks 100 LISTA for 52 weeks. If she decides to claim her LISTA after 26 weeks Early Unlock Fee = 100 * (52-26) / 52 = 50 LISTA Alice will receive：100 LISTA - 50 LISTA = 50 LISTA |
Rewards distribution | veLISTA holders will receive their rewards in the form of these tokens:
Users will receive these token every Thursday. In order to be eligible for these rewards on any particular week, users will have to lock their LISTA before Wednesday in that same week. Rewards distributions may be delayed during holidays. For example, to be eligible for the rewards on August 1, users will have to lock their LISTA into veLISTA before 31st July 00:00 UTC+0. |
veLISTA utility | Governance rights: 1. Vote on proposals: Users can vote on proposals raised on Lista DAO’s snapshot platform as long as they hold veLISTA in their wallets 2. Submitting proposals: Only the Lista core team can submit proposals for voting. The team will consider the most discussed topics by users and submit proposals on their behalf. |
Minimum voting required veLISTA | 0 |
Minimum Proposal required veLISTA | Currently, only the Lista core team can submit proposals for voting. However, the community is encouraged to suggest proposals, which the core team will review and consider before submitting them for a vote. In the future, Lista DAO will progressively allow the community to submit proposals directly. |
Voting tools | Snapshot |
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