Why veSTELLA
veSTELLA was the logical evolution of StellaSwap given the success of VE (3,3) models that maximized DEX token utility and sustainability. The following point sums up our reasons;
Shift towards governance model in the pursuit of decentralization
Democratizing the core functino of a DEX: STELLA Emissions
Incentivize long term holders of STELLA
Drive ecosystem growth
veSTELLA creates a flywheel effect where protocols bribe users for their votes with their own token, users accumulate or lock STELLA longer to receive more returns and more voting power
Increase incentives for protocols to accumulate STELLA
Protocols will be incentivized to acquire more STELLA and vote with it to receive STELLA rewards on their preferred pool.
Less STELLA in Circulation
Longer lockups of STELLA, leading to less STELLA sold on the open market supporting price
Benefits

veSTELLA holders will receive the following benefits:
Huge Increase in APR
New veSTELLA Revenue share swap fees= 83.5% > old xSTELLA= 11.5%
Active participation required each epoch to receive rewards
Rewards from Trade fees & Liquid Staked Derivatives (stDOT & stGLMR soon)
Relay strategies can pay rewards in stable coins (USDC)
Direct where emissions go by voting
Receive Bribes for your votes in partner tokens
Participate in future governance of the platform
Auto managed strategies for lock & forget
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