💰Tokens

Definitions & Concepts

$ERU — utility token of the protocol

$ERUemissions currently have two key objectives:

• Reach and maintain adequate liquidity to facilitate optimal trading conditions — $ERU are emitted as farming rewards to incentivize deep liquidity

• Encourage decentralized governance — $ERU can be used to take part in the governance for continuous development of the platform. The long-term goal is to achieve true decentralization.

• $ERU will be the governance token used to allow ERU token holders to vote and participate in governance of the Community and Ecosystem.

veERU — governance token in the form of an NFT (non-fungible token)

veERU is the vote-escrowed version of $ERU. Users can lock their $ERU tokens for up to 4 years to get veERU. The longer the lock, the higher the amount of veERU voting power received.

To encourage continuous locking and sustained participation from stakeholders, the veTHE balance of users declines over time until it reaches zero at the conclusion of the initial locking period. veTHE positions can be increased, split up, and resold on a secondary market.

ERUCHEF — Chefs' token in the form of an NFT (non-fungible token)

ERUCHEF can be staked for revenue sharing. The staking pool receives a share of trading fees from EruSwap, as well as royalties from secondary sales of EruSwap.

Token Addresses

$ERU

veERU coming soon...

ERUCHEF coming soon...