vst-Ladder Token

vst(verified staking)Ladder Token

The vstLadder Token is similar to the lfAsset that users receive when they deposit Ladder Tokens. If the user requests to withdraw, they need to return the vstLadder token and then, receive Ladder Tokens. The quantity of claiming amount may change depending on the lockup period, APR, etc.

Function

The vstLadder token allows to participate in governance through the Ladder DAO. The participants can intervene as a shareholder regarding the overall operation of the protocol and modifying the strategy through activist proposals. In order to suggest a governance proposal, the participant needs to lock up the certain amount of vstLadder.

( ※ Some strategies are designed to be immune to DAOs, and once a smart contract is deployed, it may not be possible to modify it.)

Ladder Finance opens an incentive pool for the participant who might support to increase the value and staking activity on vstLadder. Our team incentivizes governance participation through rewarding Ladder or collecting fees from lfAssets or synthetic strategies. These incentives are subject to change at any time, and incentives may not be paid. In other words, it can be determined by both the protocol and DAO which will be discussed issue like inflations rate.