🍄FUNG Token
The FUNG Token is primarily a governance token. To access fees and governance power, $FUNG must be staked. As $FUNG is staked, veFUNG is accumulated linearly over time up to a maximum of 9 months. The consequent $veFUNG allows for the following uses:
Fees - earned protocol fees are distributed to $veFUNG holders
Governance - $veFUNG holders can vote for governance proposals
veFUNG
veFUNG stands for “vote escrowed $FUNG.” The governance power and fees accumulated by $veFUNG holders are proportional to the $veFUNG balance of an account.
Any contracts that wish to interact with the $veFUNG contract will first need to be added to a whitelist by the DAO.j
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