VVS Yearly Emission Halving and 2023 Year Review
VVS Finance is going to hit the big TWO! It’s time for the 2nd annual emission halving for VVS, starting on November 8th, 2023. Mark your calendars miners!
As this year wraps up, let’s take a moment to review what we have achieved in 2023 and peek into what’s coming next. Huge thanks for all your incredible support and love for VVS! The adventure continues, and we’re thrilled to have you all with us.
VVS Yearly Emission Halving
VVS’ 2nd year emission halving will commence on November 8th, 2023.
According to VVS tokenomics, the $VVS token adopts an emission model wherein emissions are halved annually (i.e., 50 trillion in the first year, 25 trillion supply in the second year, and so on).
When VVS inflation decreases by half every year, we achieve two key objectives:
- Rewarding the early adopters of VVS with a greater share of VVS incentives as emissions decrease over time
- Enhancing the unit economics of VVS as supply tapers off, resulting in scarcer and more sustainable tokens
Beyond that, VVS emission halving is a significant milestone to our protocol! Just like the most iconic halving cycle in crypto, Bitcoin, halvings and their resultant supply reduction could also bolster the overall token economics for VVS.
We always aim to enhance trading sustainability and improve the ecosystem. With the release of Flawless (V3) Liquidity Beta this year, our DEX will progressively reduce its dependence on incentive emissions as it empowers our users to fully utilize their capital, and allow our community to earn more LP rewards by providing V3 liquidity. You can learn more about V3 in this article.
VVS token distribution will remain the same as below:
The yearly emissions halving will impact our Farms and Mines APRs as well as $VVS rewards. Please kindly review the latest rewards and APRs on our Crystal Farms and Glitter Mines pages, and implement your best farming/mining strategy!
Achievements in 2023 🎉
From the launch of VVS until the present day, our cumulative trading volume has exceeded US$ 9 billion. A growing number of VVS farmers continue to participate in swaps, supply liquidity, and deposit in vaults, among other activities. Most encouragingly, the majority of our vault users are committed to the 4-year vault!
- Flawless (V3) Liquidity Beta Launch
VVS Flawless (V3) Liquidity is a significant milestone in our platform’s evolution. V3 incorporates numerous upgrades and refinements based on the valuable feedback from our vibrant community. Our main goals for Flawless (V3) Liquidity are to enhance capital efficiency, empower our users to fully utilize their capital, and allow our community to earn more LP rewards by providing V3 liquidity. Here are some of the key V3 features:
- Multi-Tier Fee For Swap & Traders
- Flawless (V3) Liquidity
- Capital Efficiency
- Active Liquidity
- Range Limit Orders
- Non-Fungible Liquidity
- Enhanced User Interface and Experience
Learn more about our Flawless (V3) Liquidity feature here.
2. VVS Staking Utility V3
VVS Staking Utility V3 is an upgrade from the current VVS NFT staking utility V2, which allows users to gain yield boost multipliers for the boost farms by playing VVSGotchi and completing quests. The more rare your Miner Mole is and the higher ranking you reach on the leaderboard, the higher yield boost multipliers you receive. After that, all you need to do is to stake your Miner Mole NFT on one of our boost farms and enjoy the extra APR boost!
If you are interested in learning more, please visit this detailed explanation on VVS Gitbook.
3. IGO
The Initial Gem Offering (IGO) enables new projects in Cronos Ecosystem to raise funds, drive community growth, and bootstrap initial liquidity in an end-to-end process.
In 2023, the VVS Launchpad hosted 4 IGOs, namely Veno, Fulcrom, CorgiAI, and Kaching. We aim to consistently provide value and flexibility to both the project teams and community participants.
4. Perpetual Trading Service
VVS joined forces with Fulcrom Finance earlier in July for an epic strategic partnership. With the VVSxFulcrom partnership, we introduced perpetual futures on VVS, offering seamless integration, low Fees and 75x leverage. You can find more details here: https://perps.vvs.finance/.
5. Liquid Staking Service
VVS teamed up with Veno Finance in August for an incredible strategic partnership. Users can simply stake CRO directly on VVS Finance and receive LCRO here https://vvs.finance/liquid-staking/swap. Upon confirmation of the transaction, your CRO will be staked with Veno, and you will then receive the respective LCRO in your wallet. Users are also able to earn yield by providing liquidity and staking LP tokens in the VVS farms. Our goal is to provide VVS users with the benefits of liquid staking, enabling you to generate more passive income.
6. First Mini Game Launch — Mole Dash
VVS is dedicated to bringing our Miner Mole hodlers more fun experiences and benefits. Mole Dash is the first VVSGotchi mini-game which is simple and fun, where you can control a miner mole to jump and duck to dodge the obstacles. The longer you last in the game, the more EXP points you will gain. Get your Miner Mole NFT ready and join us at https://vvs.finance/vvsgotchi.
7. Benefit Our VVS Miner Mole Hodlers
VVS held multiple campaigns and features for our molefam in 2023, including the Perfect Health Competition, “Be a #Moleking” Competition and the Gachapon lucky draw feature. Those campaigns and features allow our VVS Miner Mole hodlers to win a Miner Mole, earn VVS token rewards, and get extra health points or experience points (EXP) by participating in and being the best in the crowds! Also, VVS collaborated with external parties, like CREW3 and Sakaba to further incentivizeour molefam for completing quests in VVSGotchi. For example, in the collaboration with Sakaba on Cronos Game Odyssey, all Miner Mole hodlers can join the campaign to complete the quests and earn EXP. To show our appreciation to our molefam, the top 45 winners received VVS tokens as rewards, with the top prize worth up to $400 USD in VVS tokens!
8. Multi-language support — Korean and Italian
At VVS, we’re dedicated to creating an inclusive and diverse platform that caters to the needs and preferences of our global user base. From February 2023, users from Korea and Italy can enjoy VVS Finance in their native language, making decentralized trading more accessible and user-friendly for all.
More Exciting Features Are Coming
In order to better serve our community and respond to the dynamic nature of the crypto market, we consistently evaluate the importance and immediacy of our product developments and launches. The below features and updates are coming soon:
- Flawless (V3) Liquidity Official launch (V3 Farms & V3 Analytics page)
- Better V3 trading and liquidity management experience
- VVS UI/UX enhancement
We would love to hear more suggestions and ideas from you! Follow our social media and let us know what you think!
