2022-06-14 06:20:31
Ahead of the veNEWO launch on June 15th we wanted to share some important info.
NEWO Holders
• NEWO holders will be able to lock their tokens for various durations for the following benefits: Treasury yield share, incubated project airdrops, Governance power, and emissions.
• With veNEWO, single sided staking emissions will be moved to veNEWO lockers. The single sided staking vault will stop emitting tokens on June 17th.
• Check out the promo video for veNEWO here https://twitter.com/neworderdao/status/1536398888311177216?s=21&t=ejIlElFP-3JHdqC26V9L5g
NEWO LP Stakers
• As part of introducing veNEWO, LPs will need to migrate to a new staking vault. Effective immediately, we are pausing LP rewards until the new LP vault is deployed.
• Note that only the LP principal position can be withdrawn, all accrued LP rewards will be airdropped in the next 72 hours based on a snapshot done on Block number: 14957085 (ETH) and Block number: 15985594 (AVAX)
• On June 20th, an Olympus Pro bonding program will be initiated, where LPs will be able to bond their position for discounted NEWO subject to a 5 day linear vest. Read more here: https://snapshot.org/#/neworderdao.xyz/proposal/0x7387eca2079914b767bced896735cf07479c16a9b4444e33c5410cbcd379d99b
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