Beam Documentation
  • Protocol Overview
    • 👋Welcome to Beam
      • 🏖️Liquidity Pools (LPs)
        • 🪙Liquidity Pool Rewards
      • 🛣️Roadmap
    • ♟️Beam's ve(3,3) Ecosystem
      • ⏩Reward Pools
      • 🔒Beam Native Tokens
      • ⛽Emissions
      • 📔veBEAM Voting and Rewards
      • 💸Bribes
      • 🛞The ve(3,3) Flywheel
    • 💰Fee Structure & Distribution
  • Tokenomics
    • 🎯Initial Token Distribution
    • ☄️$BEAM Emissions Schedule
  • Security
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      • Pool Contracts
    • 🔐Audit
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  • Resources
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  1. Protocol Overview
  2. Beam's ve(3,3) Ecosystem

Beam Native Tokens

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Last updated 6 months ago

The Beam ve(3,3) ecosystem is centered around two tokens to manage its utility and governance:

$BEAM — ERC-20 utility token of the protocol, minted and emitted to ve(3,3) liquidity pools each week

veBEAM — ERC-721 governance token in the form of an NFT (non-fungible token)

veBEAM

veBEAM is used for governance. Any $BEAM holder can vote-escrow their tokens and receive veBEAM (also known as a veNFT) in exchange. Additional $BEAM tokens can be added to the veBEAM NFT at any time, increasing its voting power. You can read more about these mechanics .

  • Max veNFT lock period: 2 years

  • veBEAM positions can be merged, split, and sold on the secondary market

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