🌟HND Locking & Protocol Management
The mirrored vote-escrow (mveHND) staking system of Hundred Finance
Last updated
The mirrored vote-escrow (mveHND) staking system of Hundred Finance
Last updated
HND token locking has been rolled out for the protocol and implemented on all of its deployments except for the Ethereum mainnet (where Hundred Finance is in soft launch status). The HND token's primary distribution method is built on a vote-escrow or "token locking" system that grants users the ability to manage the protocol and receive perks and governance power for doing so.
Hundred Finance has based its vote-escrow system on the veCRV model created by Curve Finance, which we have adapted to use the mveHND token (mveHND stands for mirrored vote-escrowed HND). The mveHND model incentivizes liquidity provision while simultaneously allowing users to participate in wider governance activities.
The first step for those wishing to lock HND is to visit vote.hundred.finance. This is the gateway to the mirroring and vote-escrow user interface that plays the primary role in managing Hundred Finance's token emissions.
In order to access the interface (based on that created by SharedTools), users simply need to connect their browser wallet using the correct network settings. They will then find themselves presented with a UI containing the following elements:
In order to fully and simply explain the mveHND system, the following sections of these docs will run through each of the elements that make up this UI.
Note: The vote UI of Hundred Finance reads a great deal of data. This can result in slow loading times, especially during periods of heavy network use. In order to minimize this, optimal RPCs should be used with MetaMask. Clearing the browser cache and reopening the browser can also have a positive effect.
