Three-way Markets in veTokenomics

Presentation given at CryptoEconDay '22 in Lisbon. Slides viewable below or here.

Description:

The explosion of the vote escrow (VE) tokenomics design pioneered by Curve has generated intricate markets around the value of voting power.

This talk will cover:

• The different layers of governance and tokenomics that have been formed around the ve model;

• The main DEXes and respective ecosystems employing it (Curve, Balancer, Velodrome);

• The two main types of markets that have developed around bribes;

• The three sides of ve bribing markets and the incentives of each side;

• The techniques being explored to optimize participation in these markets by each type of participant;

• Extracting lessons from the above on incentives and governance design spaces in DeFi.

  
  

Slides: