👉Background

DECO is an ecosystem incentive coordinator that offers a unique approach to liquidity incentives, token models, and on-chain governance.

DECO is an ecosystem incentive coordinator that offers a unique approach to liquidity incentives, token models, and on-chain governance.

• A generalized Solidly System with an improved token model.

• Plugins to integrate any yield-bearing asset with gauges.

• DECO = SOLID. Distributed through a bonding curve. Always backed by a MNT token, price is always >= 1 MNT/DECO. MNT can be WETH, WFTM, MATIC, or any ERC20 token. MNT is what backs DECO in the bonding curve as liquidity.

• vDECO = veSOLID. Stake DECO to get vDECO. No more 4 year lock. Only locked while votes are active, reset votes to 0 to unstake. vDECO is the voting token that can vote on plugins to direct emissions towards their gauges and in return receive their respective yield as bribes.

• oDECO: Call option for DECO at floor price (1 MNT/DECO). Emitted to gauges as liquidity incentive based on vDECO votes. Can also be directly burned for voting power.

• vDECO earns swap fees from its bonding curve, earns oDECO staking emissions, and earns voting fees (plugin yield and bribes) from plugins it voted for.

• Borrow against vDECO with no interest and no liquidation risk. 1 DECO can always borrow up to 1 MNT. Floating LTV determined by market price of DECO.