While @gm-base 's Vault 2.0 is in the works, this week, I'm focused on expanding Vault 1.0 to let users lock their LP tokens in exchange for veLP, thereby enhancing liquidity on Base. Vault 1.0 currently boasts an impressive 12.5% lock rate (121M tokens of the total supply).

How Vault 1.0 Works:

We developed our own Vault by reverse-engineering veCRV and leveraging the veToken concept. Our sophisticated Vault locks GMB tokens for a specified period, issuing veGMB in return. Instead of decaying, veGMB's weight expands over time, reaching maturity a 1:1 at the end of the lock period. 

veGMB expands its weight over time to allow users to vote, propose, earn rewards and participate in the ecosystem while decreasing GMB's circulating supply and increasing buy pressure. 

The Vault rewards users with various tokens from the project’s revenue and partners projects and more (Can't say much. yet).

GM ☀️ Follow Waddle the Duck's adventures as he discovers the wonders of his magic internet money $GMB 🐝

www.GMB.finance
T.me/gmonbaseportal 