👉Background

v33-X is an ecosystem incentive coordinator that offers a unique approach to liquidity incentives, token models, and on-chain governance.

Highlights:

• A generalized ve33 System with an improved token model.

• Plugins to integrate any yield-bearing asset with gauges.

• TOKEN = SOLID. Distributed through a bonding curve. Always backed by a BASE token, price is always >= 1 BASE/TOKEN. BASE can be WETH, WFTM, MATIC, or any ERC20 token. BASE is what backs TOKEN in the bonding curve as liquidity.

• vTOKEN = veSOLID. Stake TOKEN to get vTOKEN. No more 4 year lock. Only locked while votes are active, reset votes to 0 to unstake. vTOKEN is the voting token that can vote on plugins to direct emissions towards their gauges and in return receive their respective yield as bribes.

• oTOKEN: Call option for TOKEN at floor price (1 BASE/TOKEN). Emitted to gauges as liquidity incentive based on vTOKEN votes. Can also be directly burned for voting power.

• vTOKEN earns swap fees from its bonding curve, earns oTOKEN staking emissions, and earns voting fees (plugin yield and bribes) from plugins it voted for.

• Borrow against vTOKEN with no interest and no liquidation risk. 1 TOKEN can always borrow up to 1 BASE. Floating LTV determined by market price of TOKEN.