Introduction of veSDT

What is veSDT?

veSDT is the upgraded version of SDT applying the famous vote-escrowed ve(3,3) concept that encourages long-term decision-making by guaranteeing that individuals are personally invested in the success of the project. When a SDT holder becomes a veSDT holder, they are granted privilege to vote in Vault every week and share the revenue with Seven Deuce accordingly. However, veSDT is only available through staking their SDT, but the longer a holder stakes the more veSDT they will receive (duration up to 256 weeks).

What is the purpose of veSDT?

veSDT works the same purpose as most ve(3,3) tokens, it encourages long-term decision-making by giving smaller token holders more say through Vault voting. This approach ensures that decisions reflect SDT holders’ genuine intentions, rather than being influenced by external influences, thereby encouraging sustainable growth and securing the project's success over time with fair rules implemented on the holders.

What rights do veSDT holders have in Seven Deuce?

veSDT holders function as shareholders of Seven Deuce, engaging in governance decisions concerning the allocation of Vault pools on a weekly basis. The community's votes, represented by veSDT holders, determine crucial updates and fund distribution within the Vault, thereby decentralizing decision-making authority and enhancing transparency and fairness in Seven Deuce's platform operations.