Keyboard shortcuts

Press ← or → to navigate between chapters

Press S or / to search in the book

Press ? to show this help

Press Esc to hide this help

Tokens

Hyperstable uses two tokens to manage its utility and governance:

  • PEG (ERC-20), is distributed to liquidity providers through emissions
  • vePEG (ERC-721) which is used for governance, to vote on emissions, to earn (100% of) protocol revenue from interest and liquidation fees and receive incentives. vePEG also gets protected from dilution via rebases. vePEG is represented as a (transferrable) NFT.

Vote Escrow

The “ve” in vePEG stands for: vote escrow, which is a mechanism used in decentralized governance to ensure fairness and transparency in decision-making. Any PEG holder can vote escrow their tokens and receive vePEG in exchange. With Hyperstable, we call this locking.