π¦Staking & veGWEI
Long-Term Alignment via Vote Escrow
ETHGas utilizes a Vote-Escrowed (ve) model to align long-term incentives. This system ensures that those who commit to the future of the protocol have the greatest say in its direction.
Staking COMING π after Token Generation Event
By staking $GWEI, holders receive veGWEI (vote-escrowed GWEI). This action represents a long-term commitment to the ecosystem's stability. veGWEI holders are not just passive participants; they are the architects of the protocol, possessing the governance power to propose and vote on critical ecosystem parameters and treasury allocations.
As we transition to a Realtime Ethereum and a Gasless Future, veGWEI holders anchor the economy. They ensure the protocol remains aligned with its mission to elevate Ethereum for the next generation of DeFi.
The Staking Mechanism: How veGWEI Works
To participate in governance and earn yield, holders lock their $GWEI to receive veGWEI (Vote-Escrowed GWEI). This mechanism transforms you from a token holder into a protocol architect.
1. Select Your Commitment
You can lock your $GWEI for a duration of your choice, ranging from 1 week to 4 years.
Note: veGWEI is non-transferable. It is tied to your wallet as a representation of your reputation and commitment.
2. The Time-Weighted Multiplier
The veGWEI utilizes a linear decay model where Time = Power.
The Multiplier: A 4-year lock grants significantly more voting weight (and potential yield) than a 1-week lock.
The Logic: This ensures that the loudest voices in governance belong to long-term guardians, not short-term speculators.
Why Stake?
Staking is the operational engine of the ETHGas Foundation. By staking your tokens, you transition from a beneficiary to a builder, actively participating in:
Decentralized Stewardship: You act as a guardian of the ecosystem, holding voting weight to approve protocol parameters and prevent malicious updates.
Protocol Calibration: You signal priority for the Realtime Ethereum economy, ensuring the protocol evolves based on user consensus rather than centralized planning.
Aligned Incentives: By committing your tokens to the vote-escrow contract, you align your long-term interests with the protocol. This commitment grants you enhanced Governance Power, allowing you to participate in the distribution of protocol emissions directed toward active participants.
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