veSEILOR vs SEILOR

What is SEILOR?

SEILOR is the governance token of the Kryptonite Protocol. The total supply of SEILOR is 1,000,000,000.

The benefits of holding SEILOR include, but are not limited to, the following:

• Governance participation: SEILOR holders can participate in platform governance, including voting rights and the ability to propose changes.

• Value capture: SEILOR holders can share in the value generated by the Kryptonite Protocol, such as fee distributions and other protocol revenues.

• Platform privileges: SEILOR holders are entitled to various privileges provided by the platform, such as access to exclusive events, airdrops, and other incentive programs.

• Voting rights: SEILOR holders can vote on governance proposals, influencing decisions on parameter adjustments, new feature additions, and protocol upgrades.

• Community engagement: SEILOR holders can engage with the community, participate in discussions, provide feedback, and contribute to the growth of the Kryptonite ecosystem.

veSEILOR

veSEILOR is escrowed SEILOR, and SEILOR holders can convert their SEILOR to veSEILOR at any time. Holding 100,000 veSEILOR allows the address to initiate proposals, and each veSEILOR represents one voting right. veSEILOR is eligible for protocol value capture airdrops, and the vesting period for veSEILOR to convert back to SEILOR is 30 days.