mHEDGE

At the heart of the Hedgemony procotol is the mHEDGE lockup mechanism. With this, users stake $HEDGE for a predetermined amount of time, receiving in return the yield bearing mHEDGE.

The mHEDGE system takes its core components from the longstanding and sustainable veCRV and vePENDLE systems, with the following changes unique to Hedgemony:

• mHEDGE offers a volume multiplier

• mHedge HODLers receive numerous protocol specific benefits based on the amount of time locked and stake value committed, including

  1. Strategy creation rights

  2. Voting weight and fee intake percentages

• mHedge holding tiers are intentionally configured to incentivize large individual holders over sybils.

mHEDGE is transferable but the protocol will not add, maintain, or incorporate any liquidity relating to mHEDGE into its framework; only $HEDGE is liquid. Its value will therefore be directly determined by $HEDGE. The maximum possible supply of mHEDGE is 20B tokens. This is exactly two times the total supply of $HEDGE. Although possible, there is a near zero chance this amount of mHEDGE will even be minted based on the game theory regarding its conversion factors.