Ecosystem Tokens

Monadium uses the following tokens to manage its utility and governance:

$MNDM — ERC-20 utility token of the protocol

$veMNDM — ERC-721 governance token in the form of an NFT (non-fungible token)

$bveMNDM — ERC-20 that can be redeemed only into veMNDM

MNDM

The native token of the protocol. Emissions will be done in $MNDM.

veMNDM

veMNDM is used for governance. Any $MNDM holder can vote-escrow their tokens and receive veMNDM (also known as veNFT) in exchange. Additional tokens can be added to the veMNDM NFT at any time.

veMNDM holders receive from 70% to 90% of trading fees and 100% bribes from the gauge they voted for.

veMNDM Specifications:

• ve(3,3) Mechanics: Combination of Olympus DAO's rebase mechanism and Curve's vote-escrowed model

• Gauge: Pool to earn $MNDM rewards based on veMNDM weekly voting allocation; no negative voting

• Bribes: Custom amount of tokens paid by a third party on a gauge to veMNDM holders in exchange for their votes

• Max Lock: 6 months

• Farming Boost is included, this will boost the emissions of veMNDM holders that are LPing

• Flexibility: veMNDM positions can be merged, split, and sold on the secondary market

Voting:

• Epochs last for 7 days, after which bribes and trading fees are distributed

• Earn only from gauges you have voted for

• Trading fees and bribes claimable as a lump sum after Epoch has ended (n+1)

• Weekly voting required to be eligible for fees and bribes, unless using an optimizer

• Pre-approval of vote coming soon

• Vote can be changed or reset at any time

• Vote weights reset each Epoch; must vote each Epoch to earn fees and bribes.

bveMNDM

Bribe locked MNDM, can be redeemed into veMNDM.