What is veTP?

What is veTP?

veTP stands for vote-escrowed TP. It is not transferable, and the only way to acquire veTP is by staking TP. The maximum lock time is 4 years; the longer you lock your TP, the more veTP you'll receive.

What is the purpose of veTP?

veTP tokens serve a crucial role in Trading Post's governance, enabling you to actively participate in Trading Post's governance proposals and Gauges Voting system. This allows you to vote on broader governance proposals and influence the allocation of TP emissions within liquidity pools.

What are the benefits of holding veTP?

Weekly Rewards: Claim TP rewards regularly through TP Staking and Revenue Sharing.

Gauges Voting Participation: Influence and boost TP emissions in your preferred pools, by engaging in Gauges Voting every 2 weeks, with results applied bi-weekly. Adjust your voting preferences for each gauge at intervales less frequent than 10 days.

Vote Incentives: Access additional incentives by claiming bribes from our veTP Managers

Governance: Vote on governance proposals for matters related to gauge approvals, protocol changes, emission adjustments, etc.

Liquidity Rewards: Amplify TP rewards when providing liquidity to v3, v2, StableSwap, or position managers sequentially.