veTETU is a non-fungible token that serves as the foundation of TETU V2, an improved version of the TETU platform. It is designed to improve capital efficiency, liquidity, and asset management within the TETU ecosystem.
- It's non-transferable;
- It's lock period range from 1 to 16 weeks;
- The voting power of veTETU decreases linearly during the lock period.
veTETU voting power determines the rewards and vote weights on the TETU platform. Voting power can be increased by extending the lock time or increasing the locked amount.
If you own one or more veTETU tokens, there are two options to manage them: Merging and Splitting. The merging feature allows you to combine two veTETU tokens into one. On the other hand, the splitting feature allows you to divide a single veTETU token into two separate NFTs. Instructions on how to use these features can be found in the Medium article mentioned earlier.