TREN is the value accrual token of Tren Finance with a fixed supply of 1 billion tokens.
But what about veTREN?
What is veTREN?veTREN stands for "vote-escrowed TREN." It's a special version of TREN that you get by locking your TREN tokens for a set period.
The longer you lock, the more voting power and rewards you earn.
Why Lock TREN for veTREN? Locking your TREN tokens for veTREN aligns your incentives with the long-term success of Tren Finance. It encourages active governance participation and investment in the protocol's future.
Enhanced Value AccrualWhile TREN holders accrue value through TREN token burns, veTREN holders also receive a share of protocol revenue, including borrowing fees accrued by the protocol.
Unlike typical money market tokens, veTREN holders benefit from the full spectrum of supply-side interest without having to share these profits with traditional depositors.
Governance PowerWith veTREN, you get enhanced voting rights. This means you can help shape key protocol decisions, such as new asset listings and changes to existing features
Token Burn and ReturnWhen the lock-up period ends, veTREN is burned, and your original TREN tokens are returned. This keeps the TREN token supply deflationary in the long-run, and rewards long-term commitment.
Want to dive deeper? Learn more about how veTREN works through our
documentation