TOWN Vote Escrow V2

In addition to the incentive distribution governance illustrated in V1, V2 brings forth the governance of additions of pools and vaults, as well as TOWN staking.

On a high level, veTOWN is used to determine additions as follows:

• veTOWN mirroring: veTOWN is mirrored into gveTOWN as a vote token to separate its V1 vote power & V2 vote utility;

• The gveTOWN vote token can be used to vote for additions of pools and assets, including the paramter settings of a pool.

• TOWN staking unlocks interest fee reduction and vault management fee discount features.

The benefit of V2 primarily revolves around:

• Making pool addition and vault addition permissionless, allowing new curators to participate without having to go through a manual contact process;

• Making the scrutiny of the asset and the curator's credentials public and more rigorous;

• Decentralize the governance of the protocol.

• Adding the additional utility of TOWN as a stakable token.

Specifics of V2 will be shared post-V1 launch.