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Sector Finance
  • 🔳WELCOME!
    • Introduction
    • Using Sector
    • FAQ
  • 🛠️PRODUCTS
    • Product Suite
      • Aggregator Vaults
      • Single-Strategy Vaults
    • Strategies
      • Delta-Neutral LP
      • Leveraged Delta-Neutral LP
      • Leveraged Convex Strategies
      • Lending
    • Risks
  • ⚙️Risk Engine
    • Description
    • Mechanics
    • Auto-Rebalancing
  • 🏛️SECTOR DAO
    • Tokenomics
    • veSECT
    • Permissions Architecture
  • 📚RESOURCES
    • Contracts
    • Audits & Bug Bounty
    • Github
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  1. SECTOR DAO

veSECT

$SECT holders can obtain vote-escrowed SECT ("$veSECT") by locking their tokens, with the number of $veSECT received increasing based on the duration of the lockup period. The $veSECT tokens are non-transferable and provide significant value accrual opportunities for both $veSECT holders and the broader Sector ecosystem.

Value Accrual: $veSECT Holder

  • Boosted Deposit Emissions: $veSECT holders receive boosted emissions for deposits in our Single Strategy and Aggregator Vaults based on the locked amount

  • Access: As a community-driven platform, the Sector collective will guide other $veSECT benefits, such as early or whitelist access to certain Vaults and strategy types.

Value Accrual: Sector Ecosystem

  • Governance: veSECT will be used to define important parameters of the Sector ecosystem. Holding $veSECT grants users the right to participate in Sector’s governance decisions, ensuring the community remains at the core of the project’s evolution.

  • Long-term sustainability: Requiring token lockup periods discourages short-term speculators and promotes longer-term engagement with the protocol by our depositors and integrated protocols.

  • Fair voice: Conversion to $veSECT and the importance of lock duration help limit the influence of large token holders, ensuring a more balanced governance process.

Our token models aim to promote a sustainable ecosystem in both the short and long-term by providing a mechanism for community-driven governance. As our governance token, $veSECT allows the community to participate in the decision-making process regarding the allocation of resources and the future direction of the Sector ecosystem.

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Last updated 7 months ago

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