veTULIP: Locked Governance & Incentive Mechanism

To further align incentives and reinforce long-term engagement in the ecosystem, Tulpea introduces veTULIP (Vote-Escrowed TULIP). Users can lock their $TULIP tokens for a specified duration to gain enhanced governance power and financial benefits.

veTULIP Locking Mechanism

Users who lock their $TULIP tokens receive veTULIP, which grants them governance rights and access to enhanced rewards. The amount of veTULIP received depends on the duration of the lock-up period:

Lock Duration	veTULIP Received per 1 $TULIP
6 months	0.1 veTULIP
1 year	0.25 veTULIP
2 years	0.5 veTULIP
3 years	0.75 veTULIP
4 years	0.9 veTULIP
5 years	1 veTULIP

veTULIP Formula

The amount of veTULIP allocated for a given lock duration is calculated as:

$$veTULIP = TULIP_{locked} \times \frac{t}{T_{max}}$$

Where:

• TULIP_locked = The number of $TULIP tokens locked

• t = Lock duration in years (minimum 0.5, maximum 5)

• T_max = Maximum lock duration (5 years)

By integrating veTULIP, Tulpea ensures a self-sustaining financial system, encouraging long-term participation while reinforcing the security and efficiency of the DAO’s governance and investment framework.