Our Vision: Tri-Token Model

Phase 1 & 2

During Phase 1 & 2, the model will be very similar/same as Velodrome V1, which can be represented below:

Following Velodrome's initial model, trading fees will go towards voters, and Liquidity Providers will get KITTEN emissions in return.

Phase 3

During Phase 3, it will evolve into the tri-token model, which can be represented below:

Voting power is based off xKITTEN and veKITTEN holders, with each granting 1:1 voting power. Voters will be able to get fees and incentives.

Liquidity Providers will be able to earn a ratio of xKITTEN and KITTEN emissions plus incentives. This creates deeper liquidity, and lower slippage for traders.

To incentivize trading volume and fee generation, traders are given rebates based on veKITTEN Loyalty Rebate Program.