🟠$vePikuG

Voter-escrowed Voting (veTokenomics):

PikuDAO adopts the innovative model of voter-escrowed (veTokenomics), designed to empower its community while fostering long-term commitment. Here’s a concise breakdown of how veTokenomics works in Piku and why it’s beneficial for the ecosystem.

PikuDAO adopts the innovative model of voter-escrowed (veTokenomics), designed to empower its community while fostering long-term commitment. Here’s a concise breakdown of how veTokenomics works in Piku and why it’s beneficial for the ecosystem.

Voting Power Calculation

Piku requires governance token holders to lock their tokens to acquire voting power. This lock-in can range from a minimum of 1 week to a maximum of 4 years. The longer the tokens are locked, the more voting power a member gains, though voting power decays as the lock period nears its end. Users are incentivized to relock their tokens to remain committed by conserving their voting power.

The goal is twofold: to prioritize the influence of long-term, committed members in decision-making, and to reduce the circulating supply of Piku tokens. This scarcity mechanism aims to increase the token's value, directly rewarding those who are invested in Piku’s success over the long haul.

Key Features:

1. Lock-in Periods: Members choose their commitment, from 1 week up to 4 years.

2. Decaying Voting Power: Encourages ongoing commitment by requiring re-locking to maintain influence.

3. Delegated Voting: Allows members to delegate their voting rights, ensuring active participation even from those who prefer to remain passive.

4. Non-transferable veTokens: Ensures that voting power stays with committed members, preventing speculation.

vePiku Balance = PikuG * Length of Lock / (Max Lock = 4)

Voting Power Calculation Example

PikuGov token	Lock Duration	Starting Voting Power
1000	1 week	4.807
1000	1 year	250
1000	4 year	1000