vREVA token

By staking REVA tokens, vREVA (voting REVA) tokens, bearing voting rights, are being minted.

The longer one locks his REVA tokens the more vREVA tokens he will receive. Unsteaking REVA will burn the vREVA tokens that were minted via staking.

The current vREVA multipliers work as follows:

• Staking reva with no lock period: 1 REVA staked = 1 vREVA minted

• Staking reva with 7 days lock period: 1 REVA staked = 2 vREVA minted

• Staking reva with 30 days lock period: 1 REVA staked = 3 vREVA minted

• Staking reva with 90 days lock period: 1 REVA staked = 4 vREVA minted

The vREVA multipliers and required days lock for each tier are configurable and subject to change via DAO proposal.

vREVA is a non-transferable token, meaning it cannot be bought and that the only way to possess it is by staking REVA through the revault protocol.