Governance Token

SVM token holders have voting rights (see DAO governance). SVM tokens need to be staked in order to vote (staked SVM tokens are called veSVM). Staked SVM tokens also receive a percentage of the protocol revenue (see Protocol > Economics section)

SVM token is also an utility token:

• Staked SVM tokens will provide discount in fees (-30%)

• SVM tokens are earned not only by staking but from referrals, bug bounties, voting and other community incentives

• SVM token is also offered to users depositing into vaults (liquidity mining program)