Probably the most successful ve token is Velo as of now.
https://app.velodrome.finance/
It is (3,3) vested escrow with rebasing system after Curve - OlympusDAO, Solidly - Verodrome.
https://medium.com/@vedao.alt/on-velodrome-2e9d6f9b9056
It is Vested Escrow therefore you have to lock the protocol token, longer you lock and more you get voting power. Generally like this
You have 100 token
4 years lock = 100 veToken power
1 year lock = 25 veToken power
Rebasing means you will have same share of the total token in-spite of weekly token emission.
It is good to be on L2 because of cheap gas fee.
You will pay about 5 - 20 USD to claim the rewards on Curve which is usually higher than the weekly rewards unless you are staking over 10k USD.
The fee is less than 5 cents on Op L2.
veTokens, vested escrow has started since curve.
https://curve.fi/
However Curve has problem such as rewarding with their own token and rebasing as well as not able to sell.
Convex was a project that be able to sell by holding CRV on behalf and give CVX token instead.
Andre Cronje, the creator of Yearn and Keeper, made a Solidly with the mehcanism with OlympusDAO rebasing and vested escrow from Curve, (3,3) token.
https://solidly.exchange/
Now people can sell their veToken after lock as it becomes NFT so you will have to sell as NFT.
Probably the problem was he made it on Fantom, not much users there. (People say a lot of users but it is not)
There are new projects which is a fork of Verodrome, such as Aerodrome on Buildonbase, Pearl on Polygon.
More to come!
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