Vexchange, the first AMM and DEX on VeChainThor is launching their governance token and yield farming modules soon.

VEX token is not yet launched.  If anyone is going to tell you that they have VEX it is important not to trust them.  VeXchange will contract address soon.

The VEX token will initially be distributed to community members in two ways:  A retroactive airdrop for users who have traded and provided liquidity on Vexchange V1.  A VEX/VET yield farming program, the first 30 days will be run by the Vexchange team but after that governance will control the rates and pairs.

There will be a retroactive airdrop and token allocation.  The idea behind the token allocation is to make sure the majority of the initial tokens in community member’s hands is circulated well in preparation for the governance module.

The vested future team and founder’s tokens align with a ~2-year runway for further developing Vexchange, it’s expected that during this time major dev work will still be spearheaded by the team & founders.

The bulk allocation towards community governance represents a treasury for the community to use to create a self-sustaining and decentralized Vexchange for many years to come.

A community-managed treasury is expected to open up a world of infinite possibilities. They are expecting to see lot of experimentation, including ecosystem grants and public goods funding.  This in turn in expected to foster additional Vexchange ecosystem growth.

Vexchange has set the standard for automated liquidity provision. And, now they feel it is time to set the benchmark for responsible but radical, long-term aligned on-chain governance systems.

Apart from the 50% token allocation, the Vexchange DAO (controlled by VEX holders) will be the owner of the VexchangeV2Factory on mainnet. Thus, they will be able to adjust swap fees, platform fees, and determine what can be done with accrued platform fees.

Unlike Uniswap and Sushiswap the DAO is expected to be more actively involved in managing the parameters of VexchangeV2, thus ensuring that swap fees are set appropriately and that liquidity is adequately incentivized through the platform fee and subsidies. This kind of optimization and decision-making might not be possible with Uniswap’s hardcoded 30bp swap fee & 1/6 platform fee.

VeXchange is known as the Uniswap of VeChain.

Community response:  I know people are interested in VEX, the DAO is the most interesting thing announced. Finally, the VeChain community can make decisions on a possible stablecoin, cross-chain, and more