veNEWO is live on Mainnet
After gathering feedback from our community, research and development, and undergoing an audit, we’re excited to announce that veNEWO is now live!
Ultimately, this was a necessary step in optimizing incentive alignment within the New Order ecosystem. With the introduction of veNEWO, we’re ensuring that participants with long-term conviction have the ability to guide the criteria for future developments and receive benefits for doing so — granting users more access to our venture platform than ever before.
veNEWO UI: https://ve.neworder.network/
Contract Addresses and Audit
Ethereum:
- veNEWO: 0x44dd83E0598e7A3709cF0b2e59D3319418068a65
- SLP Vault: 0x86e8062c9F9e5f852bB0D8fc3f33fc110E9b2e47
Avalanche:
- veNEWO: 0x50d4adE79e748CE7CDe7F97b1708364E45421820
- SLP Vault: 0xD56cA252facD3d45Ad61D9700322E639d4eF5A7A
Note: veNEWO is not a transferable token and it does not trade on liquid markets.
What is veNEWO?
veNEWO is a locking system that distributes protocol perks in favor of token holders with long-term conviction rather than simply the amount of tokens held. This transforms the NEWO token into a yield-generating index of the most innovative projects in DeFi and means that lockers will be guiding the criteria for future incubated and accelerated projects, allowing them to participate in pre-seed stage rounds and to pave the way for value creation in the New Order ecosystem.
How can I use veNEWO?
Users can access the veNEWO UI here to participate in the methods listed below:
NEWO Holders:
- NEWO holders will be able to lock their tokens for a minimum of 3 months to a maximum of 3 years to receive the following benefits: Treasury yield share, incubated project airdrops, governance power, and protocol emissions
- Single-sided staking emissions will be moved to veNEWO lockers and the vault will stop emitting tokens on June 17th. This means single-sided stakers will need to unstake and lock for veNEWO in order to receive protocol perks.
LP Stakers:
- As part of introducing veNEWO, LPs need to migrate to the new staking vault available on the main UI here. All previously accrued LP rewards have been airdropped based on a snapshot done on Block number: 14957085 (ETH) and Block number: 15985594 (AVAX)
- In order to receive a boost on LP emissions, LP stakers must lock up an equivalent amount of NEWO as used in the staked position under the same wallet. The emissions boost is based on the same boost schedule as used in veNEWO locking.
- An Olympus Pro Bonding Program will go live on June 20th, where LPs will be able to bond their position for discounted NEWO subject to a 5 day linear vest. More info here.
For more information on veNEWO, browse through the resources below:
