âī¸AshSwap Token
ASH token and how it works within the AshSwap Protocol and Platform.
Native Token - ASH
ASH is the native token of AshSwap. It serves as the entry for extended features and incentivizes liquidity providers on the platform.
ASH Token Utility:
Revenue Sharing
DAO Voting Right
Farming Yield Boosting
Stablecoin Minting Fee (coming)
This helps:
Reduce selling pressure & create constant buying pressure
Bring benefits to long-term holders
Create revenue stream
By locking ASH for a certain amount of time in Governance Staking, users get veASH in return and have multiple benefits.
Obtaining ASH
ASH can be obtained by participating in Liquidity Staking (Farming) program on AshSwap and Metastaking program on xExchange.
ASH is currently listed on xExchange (ASH/EGLD) and AshSwapâs concentrated liquidity pool (ASH/USDT).
Governance Token - veASH
ve stands for Voting Escrow, a system for temporarily locking up tokens (such as veCRV for Curve; or veASH for AshSwap). Take veASH as an example, the veToken serves the following purposes:
Earn 50% of the trading across all pools on the exchangeAshSwap Litepaper
Be able to boost farming yields, by up to 250%
Have Voting Power in AshDAO in which users can participate in governing specific metrics in AshSwap products
Earn Bribe while voting in AshDAO
As AshSwap evolves and more products are developed, veASH holders will continue to benefit from those greatly.
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