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V3S Shares (VSHARE) represent a metric for both the V3S Protocol’s value and the confidence shareholders have in keeping V3S near its peg. When epochs expand, the protocol issues new V3S and allocates it in proportion to all VSHARE holders who have deposited their tokens in the boardroom. VSHARE token holders can vote on proposals aimed at enhancing the protocol and shaping upcoming use cases across the V3S finance ecosystem. By staking VSHARE, you can earn V3S rewards only when V3S is trading above the peg, not when it falls below.
V3S Finance is the first ecosystem built around an algorithmic token pegged to VVS on the Cronos chain. Created by a team of VVS Diamond holders, V3S draws inspiration from the leading algorithmic stablecoin on Fantom: Tomb, as well as the notable algorithmic token project on Cronos: DarkCrypto.
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