been digging into how $MMT is structuring post-TGE and ngl the ve(3,3) design they’re rolling into is interesting
the idea is simple: when you bond $MMT > you get veMMT
you can’t trade it, but it actually works for you the whole time:
- directs emissions
- earns protocol + partner fees
- gives you governance weight
- positions you for future ecosystem drops
so instead of “lock & pray”, it's “lock & earn while the machine runs”
this is why some models actually scale - liquidity + alignment > mercenary flows
timeline wise they're migrating fully into ve(3,3) over the next days, bonding UI going live, and lock length = voting + yield weight
max conviction gets max payout (4yr = 1:1 veMMT, short lock = way less)
feels like they’re trying to build a real long-term holder base vs day-1 farm + dump meta (rare in this market lol)
we’ll see how the execution plays out, but mechanism-wise it makes sense - patience gets rewarded
also upbit, bithumb effect below, @SentientAGI up next
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