Algorithmic stablecoin UXD Protocol releases $veRev introduction. $veRev is a periodic (e.g. weekly/monthly) Reverse Dutch Auction conducted by the protocol distributing yield, in which users are rewarded periodically in additional veToken, and are able to either offer up veToken to be repurchased by the protocol (1 veToken has the same economic value as 1 Token), or users can retain their veToken rewards and let their rewards compound in Token. (Unlike normal veTokens, which are not at all transferrable, the veTokens in this model will be transferrable to the protocol treasury only, which allows for this veRev auction to take place.)
