👋Introduction
Evolving ve33.
Welcome to the v(3,3)-X GitBook Documentation. In this guide we will explore a new DeFi primative: an ecosystem incentive coordinator. This introduction will provide an overview of the v(3,3)-X project and briefly compare it with its inspiration, Solidly also referred as ve(3,3).
The DeFi landscape has witnessed rapid growth and innovation, with projects developing novel solutions to address challenges related to liquidity incentives and on-chain coordination. The ve33 model offers one such solution, providing a platform for users to coordinate liquidity incentives on its own AMM. v33-X seeks to expand on Solidly's innovations and overcome its limitations.
As we delve deeper into this GitBook Documentation, we will explore the various components and features of v33-X, providing a comprehensive understanding of how the platform operates and its potential impact on DeFi ecosystems.
TLDR
Next-gen ve33: new token model, new gauge system
No more 4 year lock
Immutable price floor of 1 WETH for the primary token
Primary token is a single-sided LP from a bonding curve
Stake primary token for voting power, 1 week unlock period
Borrow against voting position with no risk of liquidation, no interest, no oracle
Sustainable call option emissions to gauges
Generalized gauges that can integrate other protocols, strip the yield (swap fees, token emissions, or interest), and send that to bribe contracts for voters that voted on the gauges
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