Tokens

The SNAP ecosystem uses three key tokens, each with a specific role in trading, governance, and rewards.

SNAP

• The core protocol token.

• Can be locked to mint veSNAP.

• Used for emissions, incentives, and governance alignment.

veSNAP

• Created by locking SNAP for up to 2 years.

• Grants governance power to vote on gauge emissions.

• Gives holders a share of trading fees and bribes from supported pools.

• Longer locks = more veSNAP voting weight.

oSNAP

• An auxiliary token linked to incentive programs.

• Can be:

  • Redeemed for SNAP at a discount.

  • Converted into veSNAP.

  • Redeemed into LP tokens when programs are active.

• Revenue from oSNAP actions is split between incentives and the treasury.