Even before launching at the dawn of the new year, our goal has been to make Vesq more than just an OHM-fork. Striving to add value to our community, Vesq is a protocol that focuses on security first whilst yielding long-term generational wealth in a sustainable manner.
Now that we have reached a milestone in our initial growth, let’s take a peak at some new features and innovations which will be introduced into our protocol moving forward.
A. Curve Wars
If you have been keeping abreast with the discussion and learning materials shared in our community, you will know how lucrative this model has become. There is a TLDR in our FAQ on Discord.
As CVX (Convex Token) is only available on the Ethereum mainnet, the main barrier to participation in the Curve Wars is the costly Ethereum gas fees. Fortunately, fees on Polygon are merely ~$0.01 compared to Ethereum’s ~$49, making Polygon more cost effective to use when scaling projects to reach more end users.
To bring the Curve Wars to the masses, we have begun the pioneering process of bridging to Polygon key tokens like wxBTRFLY, TOKE, cvxCRV and cvxFXS. Soon, everyone can join the war and reap the rewards, regardless of how small their crypto holdings are.
Currently, we are setting up the mechanics, and have already brought over liquidity to start the initial stage.
B. Staking 2.0: ve(3,3)
ve(3,3) is a model that allows VSQ to be locked in a locker for a term specified by the user (1 week, 1 month, 3 months, 6 months, or 1 year) whilst earning rebase rewards, with APY being more favorable for longer locks. This will replace our current staking model, and reward long-term holders more, both in native (VSQ) and non-native (e.g. Matic) rewards (multi asset rewards).
Other use cases include:
- as a governance token, for proposals, votes and bribes
- leveraged in lending and borrowing marketplaces
C. Bonds 2.0
Vesq will replace all current bonds with Bonds 2.0. The bonding mechanism will be similar to what we have currently. However, users get the added benefit of earning multi-asset rewards, as the rewards will not only be paid out in sVSQ, but other tokens too such as Matic.
The bonded asset will be used and held by the treasury to back the VSQ price. As the treasury earns more yields, stakers will enjoy a higher backing price.
Bonds 2.0 will vest over a longer period of time. E.g., 14 days. However, the exact time period has yet to be confirmed.
D. Launch Pad Bonds
Vesq will be offering a platform for newer projects to launch their tokens on Vesq, leveraging the security of our protocol and the influence of our community.
Projects can create fixed-supply bonds on Vesq which will allow the project to build liquidity. The liquidity will be owned by Vesq for a certain period to ensure that the project delivers within expectations.
Upon the return of liquidity, a fee will be collected from all projects for the treasury.
Bribes can be created by projects competing to be listed on the launch pad or for the full return of liquidity with the rewards being paid out to stakers.
E. NFTs
The market for NFTs exploded in 2021 and Vesq has been studying ways to capitalize on this growing trend and integrate NFTs into DeFi.
At the moment, treasury management has been actively looking at investing into NFTs for the treasury. Also, Vesq has plans to offer bonds for NFTs.
This is still at a very early stage and is under research and development.
F. Building Partnerships
We are always looking to build partnerships with other projects and form a mutually beneficial ecosystem. Recently, our partnerships have enabled us to bring over a vast range of assets from the Ethereum mainnet such as DPX, TOKE, CVX and BTRFLY and we don’t plan on stopping there.
Our aim is to make DeFi available for everyone in a cost-effective way, maximizing earnings and sustainability without hampering security.
Side Note:
We have been in contact with VC’s and Angel investors to propel us forward and give long term stability to the project, this however is under discussion although it is moving at a fast pace we will be discussing the terms with the community when this is set.
Twitter: @VESQHQ
Medium: vesq.medium.com
Telegram: t.me/vesqhq
Discord: discord.gg/vesq
Website: vesq.io
Legal Disclaimers
The information provided in this Medium Post pertaining to Vesq,
Inc. (“Vesq” or the “Company”), its crypto-assets, business assets,
strategy, and operations, is for general informational purposes only and is not
a formal offer to sell or a solicitation of an offer to buy any securities,
options, futures, or other derivatives related to securities in any
jurisdiction and its content is not prescribed by securities laws. Information
contained in this Medium Post should not be relied upon as advice to buy or
sell or hold such securities or as an offer to sell such securities. This
Medium Post does not take into account nor does it provide any tax, legal or
investment advice or opinion regarding the specific investment objectives or
financial situation of any person. Vesq and its agents, advisors,
directors, officers, employees and shareholders make no representation or
warranties, expressed or implied, as to the accuracy of such information and Vesq expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Vesq reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Vesq nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post.
Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters
discussed in this Medium Post.
