$veMODA & DAO Staking Pool

In order to prevent speculative proposals and voting fraud, Moda Network uses $veModa to empower community members with governance rights. Holders can stake their $MODA in the Moda DAO Staking Pool to mint $veModa and receive Moda Trade’s 30% of opening fee and 7.5% of closing fee as rewards in $USDT, and governance rewards in $MODA.

By locking $Moda for 1 year, you can get 1 $veModa, which is one vote. The voting rights decay linearly according to time. Holders can choose to lock up for 2 weeks to 1 year and extend the locking period as they like.

After the locking period ends, holders can convert $veModa to $MODA, in the meantime, $veModa will be burned.