veSGT

veSGT is locked or vote-escrowed SGT-ETH SLP tokens

• SLP tokens are received for providing liquidity on sushiswap.com

  • Get SLP here

• veSGT is generated by locking the SLP tokens on the vote escrow UI on sharedtools.org

  • Lock here

Note: We may be deprecating the current Sushi SLP based locking mechanism

The first ideation of veSGT

Snapshot

Benefits of holding veSGT

1. Vote on governance proposals and token emissions

2. Receive revenue share from staked ETH fees

Why we use SGT-ETH LP for veSGT ?

We chose SGT-LP for the creation of the governance token for a few reasons.

1. When protocols look to partner and expose borrow limits on CDPs e.g. Rari fuse, they often largely look at the liquidity. Enabling large borrow limits helps drive more use case for the SGT token

2. Counting SGT LP allows high conviction investors to increase their invested amount by matching it with ETH, buying into the protocol at the market price. This brings external investors and team/early users on a more equal footing and supports decentralization

3. veSGT is set to be unlockable early with a penalty transferred to the DAO. By having ETH as part of the token it allows us to diversify the DAO treasury and capture profits from below market staked ETH

4. Vote escrowed SGT LP has some of the same benefits of OHM style protocol owned liquidity as there's a guarantee of liquidity that won't be filled