How It Works

Token Overview

Incentive Design

Operating Model

Token Emissions

Voting on Emissions

Flywheel

Market Dynamics

Real World Use Case

FAQs

Appendix

Return to start

Stakeholder Behavior

DER Strategy: DER owners act rationally, choosing Flex Pools based on tokens per kW and reliability.

Voter Strategy: veVGRD holders vote for maximum revenue per veToken.

Flex Pools compete to: Attract votes (revenue, incentives) and attract DERs (token/kW ratio, trust)

System Equilibrium

The system stabilizes through:

Capacity → Revenue → Votes → Emissions → Token/kW Ratio

When capacity is stable and Flex Pools pay similar rates, ratios converge. DERs can predict earnings week to week.

Changes happen when:

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