Incentivized Vault Offering
In celebration of our public launch, we are increasing the Incentive Pool from 1.0% to 2.0% of total $SECT supply for our Incentivized Vault Offering (“IVO”).
Early depositors in our Vaults will earn a share of $veSECT and $bSECT from the Incentive Pool alongside the real-yield accrued in USDC/ETH that’s generated from the Vault strategy.
These rewards will provide both short-term upside and longer-term value accrual to our early depositors. Participants can deposit into either our Aggregator Yield Vaults or Single-Strategy Vaults to earn real-yield paid in USDC or ETH plus $bSECT and $veSECT from the Incentive Pool.
Rewards will be delivered at the end of the Incentive Period and the distribution will be based on the amount deposited and the duration of the deposit.
Duration: The incentive period began on Sector’s launch day (March 6) and will continue until the end of April.
Incentive Pool: 2.0% of $SECT supply will be allocated to the Incentive Pool with half the amount distributed in $veSECT (1.0% of total supply) and the other half (1.0% of total supply) in bonded $SECT (“$bSECT”) tokens.
$veSECT: Lock-up period of 3 months and will receive $veSECT benefits during this period.
$bSECT: $bSECT tokens can be converted to $SECT at the value determined via the fair launch. This aligns early depositors and token holders for the long-term success of Sector, and provides $bSECT holders immediate upside potential in addition to the $veSECT distribution.
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