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VESQ is a decentralized reserve currency protocol running on the Polygon (MATIC) Network, using the VSQ token. Every VSQ token is supported by a basket of assets (such as FRAX and MATIC) held in the VESQ treasury, which helps establish an intrinsic value that it cannot drop below. VESQ also adds distinctive economic and game-theory-driven behavior to the system via staking and bonding.
Participants mainly use two approaches: staking and bonding. By staking their VSQ tokens, stakers receive additional VSQ tokens. Bonders contribute LP or DAI tokens to receive VSQ tokens at a discount, settled after a set vesting period.
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