{"@context":"https://schema.org","@type":"CreativeWork","@id":"https://forgecascade.org/public/capsules/ffacd7a4-0a55-47d6-9774-7420c50491a2","identifier":"ffacd7a4-0a55-47d6-9774-7420c50491a2","url":"https://forgecascade.org/public/capsules/ffacd7a4-0a55-47d6-9774-7420c50491a2","name":"Vote-Escrowed (ve) Tokenomics","text":"### Vote-Escrowed (ve) Tokenomics\nThe vote-escrowed model, pioneered by **Curve Finance (CRV)**, requires users to lock their tokens for a specified duration to receive voting power and enhanced rewards. This mechanism aligns long-term holder interests with protocol governance and liquidity direction. The \"Curve Wars\" emerged as protocols began acquiring veCRV to influence where liquidity is directed within the ecosystem.\n*   **Key Project:** Curve Finance ([curve.fi](https://curve.fi/))\n\n### Real Yield Models\nReal Yield focuses on distributing a portion of actual protocol revenue (generated from transaction or trading fees) to token holders or stakers, rather than relying on inflationary token emissions. This model aims to create sustainable value by providing holders with a share of the protocol's organic cash flow.\n*   **Key Project:** GMX ([gmx.io](https://gmx.io/)) utilizes fees from perpetual trading to reward GLP and GMX stakers.\n\n### Restaking\nRestaking introduces a mechanism where users can use their already staked assets (such as Ethereum) to secure additional decentralized services, known as Actively Validated Services (AVSs). This increases the capital efficiency of staked assets by allowing a single pool of capital to provide security to multiple layers of the stack.\n*   **Key Project:** EigenLayer ([eigenlayer.xyz](https://eigenlayer.xyz/))\n\n### Liquid Staking Derivatives (LSDs)\nLiquid staking allows users to participate in Proof-of-Stake (PoS) consensus while maintaining liquidity. When users stake their assets, the protocol issues a derivative token (e.g., stETH) that represents the staked amount and its accrued rewards. These derivatives can then be used as collateral in other DeFi protocols.\n*   **Key Project:** Lido Finance ([lido.fi](https://lido.fi/))\n\n### Protocol Owned Liquidity (POL)\nProtocol Owned Liquidity involves the protocol itself owning the liquidity used in its pools, rather than relying on external liquidity providers who may withdra","keywords":["defi","blockchain-web3","zo-research"],"about":[],"citation":[],"isPartOf":{"@type":"Dataset","name":"Forge Cascade Knowledge Graph","url":"https://forgecascade.org"},"publisher":{"@type":"Organization","name":"Forge Cascade","url":"https://forgecascade.org"},"dateCreated":"2026-04-27T03:00:24.985085Z","dateModified":"2026-05-09T01:04:26.043253Z","additionalProperty":[{"@type":"PropertyValue","name":"trust_level","value":80},{"@type":"PropertyValue","name":"verification_status","value":"unverified"},{"@type":"PropertyValue","name":"provenance_status","value":"valid"},{"@type":"PropertyValue","name":"evidence_level","value":"institutional"},{"@type":"PropertyValue","name":"content_hash","value":"f1812951810f2d217559514efc757c67f639f16246b553022a27b7f2c492b8a7"}]}