Lucid Labs has formally announced and commenced a $500,000 Vested Emission Offering (VEO) priced at a discounted value for $PEAQ tokens. The goal of this initiative is to offer long-term, sustainable liquidity to the Machine Economy’s decentralized finance (DeFi) protocols. The 10-day campaign will distribute tokens through Lucid’s platform, where community participants will be rewarded to acquire those tokens on a vested basis at dynamic discounts of up to 25%.
The VEO model is designed to align incentives between token holders and ecosystems through a 30-day linear vesting schedule. This framework prevents short-term speculation and enables long-term participation. Funds raised during the campaign will be steered into targeted yield-generating liquidity pools of the Steer Protocol that contribute to the development of the Machine DeFi ecosystem more broadly.
VEO Offers a New Approach to Liquidity in Web3
Lucid’s VEO structure solves a problem in DeFi, short-lived liquidity incentives. Liquidity mining, in traditional terms, attracts opportunistic participants who disappear once rewards disappear, making the protocol unstable. To counter this, VEOs provide vested tokens that become accessible gradually to fuel engagement and keep the sell pressure low.
Lucid Labs is intended to create a more robust liquidity foundation for Web3 ecosystems in formation. Additionally, this model further grants token accessibility and decentralization by involving the community early on in supporting the project at the early stage. The discounted acquisition model gives broader participation and funnels capital into pools that support onchain development and operational needs.
PEAQ Expands Access and Decentralization Through VEO
This launch further exposes the PEAQ token and its utility. The VEO allows discounted token access and helps the VEO decentralize the PEAQ supply. Reflecting Peaq’s greater mission to enable the Machine Economy, decentralized infrastructure requires consistent and systematic pairs of liquidity inputs. This VEO launch represents a key point towards more robust foundational support for early stage Machine DeFi projects.
