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veGNOME

veGNOME System

GenomesDAO has based its vote-escrow system on the veCRV model pioneered by Curve Finance (veGNOME stands for vote-escrowed GNOME). The veGNOME model is designed to incentivize liquidity provisioning while simultaneously allowing users to participate in wider governance activities.
The first step for those wishing to participate in GNOME staking is to visit vote.genomes.io This is the user interface that manages the veGNOME locking mechanisms for GenomesDAO.
veGNOME functionality:
  • Discount off Genomic Sequencing (when paid with crypto β€” GENE, GNOME, ETH)
  • Boosting of Liquidity Pool vaults
  • Distribution of GNOME to holders in a profit sharing model
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