Pacman Finance
  • Welcome, Pacman
    • 🤖Welcome, Pacman
    • 👨‍🌾Multi-liquidity leverage yield farming
    • ⭐LSD Finance
    • 📚C&FOO
  • đŸĻ–Functionality
    • 💰Lending
    • 🎇Leverage Yield Farming
    • âœĄī¸Stake
    • 📔Voting
    • 💸Bribing
      • 📰Bribing Whitelist
    • 🕧Vesting and Getting Rewards
    • 🔃oPAC Strike
    • đŸ•šī¸Roadmap
  • Tokenomics
    • đŸĒ™PAC
      • 🚀veIDO
      • 🧩Init PAC Supply
    • đŸĒ™vePAC
      • đŸĨ”Merge vePAC NFT
      • đŸ’ĩRebase
    • đŸĒ™xPAC
    • đŸĒ™oPAC
    • 🏁Emissions Schedule
    • 🏨Pool Allocation
  • Governance
    • 📓Gauge
    • đŸ’ŧTreasury
  • 🔐Security
    • Audits
    • Bug Bounty Programs
    • Contract Addresses
  • âŒ¨ī¸Additional Information
    • 🎏Brand Assets
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On this page
  • How do you get vePAC
  • What is the utility of vePAC
  • vePAC lock time to choose
  1. Tokenomics

vePAC

PreviousInit PAC SupplyNextMerge vePAC NFT

Last updated 2 years ago

Vote-escrow PAC (vePAC) is used for voting for governance proposals and gauge weights.

vePAC is obtained by locking PAC tokens. The longer you lock for, the more vePAC you get, and your vePAC balance decays over time.

Vote-escrow PAC (vePAC) is a non-fungible token (NFT) based on the ERC-721 standard, but it is non-transferable. It represents a user's vote weight and the locking amount/time of PAC tokens.

How do you get vePAC

There are two ways to obtain vePAC. Users can either join veIDO to receive the genesis vePAC or mint the vePAC token by clicking the "Create" button on the reward page.

Genesis vePAC NFT

The Genesis vePAC NFT token is the same token as other normal vePAC. Users can only obtain this version through the veIDO.

During the early stages of governance and gauge allocation, Genesis NFT can gain significant advantages.

Genesis vePAC NFTs will carry more voting weight compared to normal vePAC NFTs. The voting weight coefficient is related to the veIDO round in which the user participates. The voting weight in the first round will be 150%. The voting weight in the second round will be 130%. The voting weight in the third round will be 110%.

Lock period (days)
Normal Value
VeIDO Value - First Round
VeIDO Value - Second Round
VeIDO Value - Third Round

0

0

0

0

0

180

1 PAC = 0.25 vePAC

1 PAC = 0.375 vePAC

1 PAC = 0.325 vePAC

1 PAC = 0.275 vePAC

360

1 PAC = 0.5 vePAC

1 PAC = 0.75 vePAC

1 PAC = 0.65 vePAC

1 PAC = 0.55 vePAC

540

1 PAC = 0.75 vePAC

1 PAC = 1.125 vePAC

1 PAC = 0.975 vePAC

1 PAC = 0.825 vePAC

720

1 PAC = 1 vePAC

1 PAC = 1.5 vePAC

1 PAC = 1.3 vePAC

1 PAC = 1.1 vePAC

What is the utility of vePAC

  • Governance voting: Vote on governance proposals such as listing new gauges, changing protocol parameters, and approving budgets.

  • Gauge weights voting: Vote on how gauge rewards are distributed across different gauges.

  • Receive bribes for voting: Get rewarded for voting on certain gauges.

  • Receive protocol revenue: Earn a share of the protocol's revenue.

vePAC lock time to choose

veIDO participants can mint with options of 6 months, 12 months, 18 months, or 24 months.

When the Pacman protocol begins, PAC holders can choose to lock their tokens for 1 week, 1 month, 6 months, or 24 months.

OPAC holders can choose to lock their tokens for 6 months, 12 months, 18 months, or 24 months. This means that the minimum locking time for a vePAC holder is 6 months.

vePAC is based on Curve's veCRV. See the to learn more details.

đŸĒ™
Curve docs