Another reason why I am very optimistic about @ MMTFinance is his ve (3,3) model. Many of the people who follow me may be players who play with hairpins or memes, but they have relatively little understanding of DeFi and the gameplay of VE (3,3). Therefore, today I will provide a simple and easy to understand explanation of what VE (3,3) is. one ️⃣ First, disassemble the two parts: It is actually a combination of two economic concepts: 1. "ve" - vote escape intend: You lock the token in the system for a period of time in exchange for voting rights and rewards. The longer and more locked, the higher your governance power and dividends. For example: If you lock 100 coins for 1 year, you may be able to obtain 50 voting rights You can lock 100 coins for 4 years and potentially obtain 200 voting rights This encourages people to lock up their positions for a long time and not to mess around. This mechanism originated from the veCRV model of Curve (CRV). 2. "(3,3)" - Game Incentive Model from Olympus DAO This symbol is an abbreviation for psychological game theory: it assumes that if everyone chooses long-term staking and cooperation, the overall system returns the highest, and this situation is called "(3,3)" (win-win). On the other hand, if someone withdraws midway and does not pledge, everyone's earnings will decrease. This is a concept of "win-win game" that encourages everyone to hold and build an ecosystem together for the long term. two ️⃣ Ve (3,3) is the combination of these two mechanisms That is to say: You lock up tokens (ve) to gain governance rights and dividends; At the same time, through the (3,3) incentive mechanism, encourage everyone to lock up their positions for a long time, so that the system can continue to achieve mutual benefits. three ️⃣ How does it operate in actual projects? For example, using Velodrome or Thela as a popular example: There are many trading pools on the platform, such as ETH/USDT, OP/USDC 2. You can lock up platform tokens (such as VELO) and exchange them for veVELO After obtaining veVELO, you can vote and decide which trading pools can receive more rewards 4. Other project parties will bribe voters in order to attract more people to join their pool for example If you invest in my pool, I will give you an additional reward of $1000 5. So everyone began to play a game: the more positions they locked up, the more accurately they invested, and the more they earned. 6. Finally, the system forms a loop: The project team is using Bribe to attract liquidity LP provides funding for market making VE holders vote to distribute rewards The platform handling fee is returned to the VE holder This flywheel is the core of the ve (3,3) model. four ️⃣ Why does it ignite? Because it solves a long-standing contradiction in DeFi: The project aims to retain liquidity, but users are always eager to leave. Ve (3,3) uses a lock up+voting+reward design, Empower everyone to stay and make governance more market-oriented. After reading this article, will you have a better understanding of ve (3,3)? Moment countdown is 14 days, remember to rush! TVL should be able to reach 500m today!