Vortex Tokenomics
The vortex tokenomics is built to maintain the health and long-term growth of the SyncSwap protocol. The core of the vortex tokenomics is the veSYNC token.
Introducing veSYNC
veSYNC (Vortex SYNC) is a special version of the SYNC token that can be used to participate in vortex tokenomics.
SYNC holders can convert their SYNC tokens into veSYNC tokens anytime and enjoy various benefits.
Voting powers
Protocol fee dividends
Fee discount
Vesting
veSYNC can be converted back to SYNC tokens after a vesting duration.
The full vesting duration is 6 months, and once the vesting starts, 100% of veSYNC can be converted to SYNC tokens after 6 months.
It also supports the uncomplete vesting, starting from a minimum vesting duration of 20 days, and 50% of tokens will be able to convert to SYNC tokens after 20 days.
After the minimum vesting duration, if not claimed, the remaining 50% of tokens will continue to vest linearly until the full vesting duration.
Minimum vesting duration - 20 days, 50%
Full vesting duration - 6 months, 100%
For example, if you decide to claim in 30 days, 53.125% of your veSYNC tokens will be converted to SYNC tokens.
The vesting can be canceled anytime and it's possible to have multiple vestings at the same time.
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