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Vesq

A Reserve Currency Backed by Assets
Potential Risk
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Finance
Blockchain
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Polygon
Currency
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VSQ
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VESQ Team
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What is Vesq?
VESQ is a decentralized reserve currency protocol available on the Polygon (MATIC) Network based on the VSQ token. Each VSQ token is backed by a basket of assets (e.g. FRAX, MATIC) in the VESQ treasury, giving it an intrinsic value that it cannot fall below. VESQ also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

VESQ is a decentralized community that transcends geographical and political borders, working together to form a Treasury DAO (Decentralized Autonomous Organization), which utilizes smart contract technology to accumulate blue-chip digital assets and participates in the most efficient and optimized yield generation, while sharing sustainable rewards and venture investment opportunities with our community.

Sustainability is key in our revenue share design, as we intend for every person to benefit from their participation in Vesq without fear of being hoodwinked or blindsided and used as exit liquidity. This aligns the goals of every community member and unlocks a higher level of collaboration and coordination.

Vesq Foundation
With the Vesq Foundation, Vesq community members can propose, fund, and execute social initiatives which impact those in their real-world communities, making Vesq a net social good that benefits both those within our DAO and beyond.

Proposals for potential initiatives to be carried out with Vesq Foundation funds or trademarks should be:
Adequately detailed with the Proposal Template in the next section.
Posted in the specialized "Vesq Foundation" section of the Vesq DAO forum for discussion, and voted on by the DAO on Snapshot after an adequate discussion period.

Tokenomics
The native token of Vesq is the VSQ token. The VSQ token is distributed in a dynamic and sustainable manner to maximize treasury growth and generate the highest yield regardless of bull or bear market conditions. When the market capitalization of VSQ is high, token inflation is directed towards accumulating treasury through the issuance of bonds to take advantage of the high price. In addition to increasing the treasury and the floor price of VSQ, a portion of every bond that is sold is shared with rsVSQ holders, ensuring that the bull market benefits them too. When markets are bad and the price of VSQ takes a beating, emissions are diverted away from bonds and given to the rsVSQ lockers, as there is a surplus of treasury acquired during the bull market. Despite the potential loss of revenue from bonds, rsVSQ holders are compensated with a faster growth of their VSQ position, which greatly enhances their ability to yield from bond sales in future bull markets.

Maximum Supply of VSQ
Over the period of 4 years, VSQ will be released making the total supply 100 million. Emissions would be high at the beginning, in order to build a sizable treasury, and would eventually taper off so the Vesq treasury can continue to grow in a sustainable manner without hurting the price of VSQ.
Information
Type
Automated Market Maker
Blockchain
Polygon
Currency
VSQ
Platform
Windows, macOS
Publisher
VESQ Team
Version
V2.0
FAQ
VESQ is a decentralized community that transcends geographical and political borders, working together to form a Treasury DAO (Decentralized Autonomous Organization), which utilizes smart contract technology to accumulate blue-chip digital assets and participates in the most efficient and optimized yield generation, while sharing sustainable rewards and venture investment opportunities with our community.
In the short-term, each wallet can have only one locker. This is done in order to give the development team enough time to discover and address any bugs or potential issues with the lockers.
After an adequate amount of time has passed, multiple lockers will be unlocked for each wallet, enabling VSQ holders to create their own unique investment strategy.
Your locker will have a fixed expiry date based on your selected lock period. Any additional VSQ added from market or bond purchases will not affect the unlock date. Lockers will unlock as scheduled regardless of whether VSQ was added to it 1 minute before expiry.
Once the full locking period has elapsed, 100% of the VSQ tokens in the locker can be claimed. When you claim from a locker, you burn rsVSQ and receive the corresponding VSQ amount contained within the locker.
Adding VSQ to your locker will not change its unlock date. However, added tokens will be added to a pending pool which will only be entered into your locker for the coming epoch.
DAO Voting Rights
Only holders of rsVSQ can participate in DAO discussions and DAO decisions via Snapshot.
Variable VSQ Emissions
DAO participants can lock their VSQ on the Vesq protocol to earn daily variable VSQ emissions.
(Coming Soon) Slashed VSQ
Users who unlock their rsVSQ early will have 50% of their VSQ slashed and rewarded to remaining rsVSQ lockers on a prorated basis.
Bonds Access
Only holders of rsVSQ can purchase bonds.
10% Of Bonds Sold
10% of the tokens used to purchase bonds will be rewarded to lockers on a prorated basis and made available in real time.
90% Of Treasury Strategy Yields
90% of treasury strategy yields will be rewarded to lockers on a prorated basis in the form of MATIC, ETH, or stablecoins. Rewards from automated strategies are made available in real time, while yields from strategies that require a Treasury Manager will be made available as soon as possible.
Launchpad Access
Only holders of rsVSQ can have pre-seed access to the tokens of incubated projects on the Vesq launchpad.
50% Of Ecosystem Rewards
50% of rewards from incubated projects in the Vesq ecosystem will be rewarded to DAO participants rsVSQ lockers on a prorated basis, when they become available.
Polygon Liquidity Mining And Other Airdrops
MATIC from Polygon's Liquidity Mining or other incentives airdropped on a prorated basis when they become available.
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