''veDAO. I don't know if you guys have been following the ve(3, 3) NFTs (Do look into it when you have time - curvonomics is next level), but recently veDAO popped up to try to win one of the NFTs.
Background: Only 20 ve(3, 3) NFTs are going to be launched. The project aims to include emission-based incentives and an AMM. Learn more about it here: twitter.com/JackNiewold/status/1483962639579422721
But basically to win these NFTs, you need to be in the top 20 Fantom protocols. "This creates a flywheel effect, bringing new users and capital to Fantom".
Less than 48 hours back, veDAO popped up to become one of the top 20 and win the NFT. They have a TVL of 2B in 2 days!!! It's growing at an exponential rate (defillama.com/protocol/vedao). If they win, then they become the Convex of Curve. If they lose then staked assets are returned to the stakers! Link to veDAO's first 24 hours journey: medium.com/@ve.dao.ex/vedao-the-first-24-hours-3c9b24d05f75
What they are doing is INSANE! The capital flowing into Fantom right now 😱