📐Protocol Design
ve(3,3) Model
The ve(3,3) tokenomics model strengthens governance by enabling users to lock their tokens in exchange for voting power and rewards. Its name combines "vote-escrowed" (ve), representing tokens locked to align participants' long-term interests, with the game theory concept "(3,3)," which encourages cooperative behavior among stakeholders. This design incentivizes active participation and aligns stakeholders’ goals with the protocol’s sustainable success over time.
How It Works
Supernova leverages an enhanced ve(3,3) model featuring a dual veNFT system.
Singularity veNFT
Users lock $NOVA governance tokens for 1 week up to 4 years to mint veNFTs granting voting power. This allows holders to allocate emissions by voting weekly on specific liquidity pool gauges. Projects can incentivize veNFT holders through bribes to boost gauge attractiveness and optimize emissions distribution. Additionally, veNFT holders earn swap fees and liquidity incentives from pools they support.
Supermassive veNFT
The Supermassive veNFT is an exclusive veNFT that can only be minted by permanently locking $NOVA tokens through sending them to a burn address, effectively removing these tokens from circulation forever.
Key benefits for Supermassive veNFT holders include:
Non-decaying voting power that does not diminish over time.
A 10% boost to voting power.
A 10% increase in rebase rewards.
Importantly, the team has committed to burning all their tokens to mint Supermassive veNFTs, eliminating any future sell pressure from team token unlocks and signaling their unwavering dedication to the protocol’s long-term success.
Unlike other ve(3,3) projects where trust is placed in the team to repeatedly re-lock their tokens, Supernova adopts a fully transparent, on-chain approach embodied by the principle: "don’t trust, verify on-chain." This ensures complete accountability and aligns all stakeholders with the protocol’s sustainable growth and governance integrity.
Rewards
LP providers receive emissions each epoch. veNFT holders receive protocol revenue and bribes from the previous epoch, proportional to their LP stakes.
Benefits
This model creates a sustainable ecosystem by aligning incentives and fostering collaboration. Benefits include:
Multiple reward streams for veNFT holders (protocol fees and bribes)
Efficient allocation of emission rewards to the most valuable liquidity pools
Reduced circulating supply of governance tokens
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