Pulsechain Tokenomics


The FLOW Token

13m oFLOW will be distributed during epoch 1

oFLOW is an option to buy FLOW at a 50% discount on market price. Funds raised will be used for a range of operations to support the health of the protocol such as adding protocol owned liquidity. Incentivising veFLOW & FLOW-PLS LP lockers.

Initial liquidity Bootstrapping Sale

5m FLOW will be sold via https://launch.velocimeter.xyz/ (opens in a new tab) in the build up to epoch 1. PLS raised in the sale will be used to provide FLOW-PLS liquidity on day one.

Velocimeter uses three tokens to manage its utility and governance:

  • oFLOW — Reward token for LPs. Can be redeemed at any time @ 50% discount on market price of FLOW
  • FLOW — ERC-20 liquid token
  • veFLOW — ERC-721 governance token in the form of an NFT (non-fungible token)

oFLOW is used for rewarding liquidity providers through emissions it's option mechanism provides sustainble funding for the protocol and support for the FLOW market.

veFLOW is used for governance. Any FLOW holder can vote-escrow their tokens and receive a veFLOW (also known as veNFT) in exchange. Additional tokens can be added to the veFLOW NFT at any time.

The lock period (also known as vote-escrowed period, hence the ve prefix) can be up to 26 weeks, following the linear relationship shown below:

  • 100 FLOW locked for 26 weeks will become 100 veFLOW
  • 100 FLOW locked for 7 weeks will become 25 veFLOW

The longer the vesting time, the higher the voting power (voting weight) and rewards the veFLOW holder receives.

ve(3,3) Mechanics

Velocimeter mechanics reflect a combination of two DeFi concepts:

  • Vote-Escrow — first introduced by Curve to strengthen incentives for long-term token holders
  • Staking/Rebasing/Bonding or (3,3) game theory — designed by Olympus DAO

Combined, the ve(3,3) mechanism rewards behaviors correlated with Velocimeter's success, such as liquidity provision and long-term token holding. Liquidity providers receive FLOW emissions, and veFLOW holders receive protocol fees, bribes, rebases, and governance power.

Version 3 Pulsechain Tokennomic Distribution

The initial 315M FLOW

  • ~150M veFLOW are claimable via airdrop claim contract prior to epoch 1 flip.
  • 5m FLOW allocated to sale. And 5m allocatated to adding initial liquidity. 50 million for protocol owned voting power. 100m for future partners

100M FLOW is in the mint tank contract and can only be used for minting future partner veFLOW


50 million FLOW is in the mint tank to be used for protocol owned voting power.

veFLOW & Initial FLOW Distribution Chart

Note that there is only max 2% of total FLOW liquid on day one. Everything else is earmarked (in mint tank which can only mint NFTs FLOW cannot be withdrawn) or already minted to veFLOW.

Gauge Voting

veFLOW holders decide which liquidity pools receive emissions in a given epoch by voting on their preferred liquidity pool gauges. FLOW emissions will be distributed proportionally to the total votes a liquidity pool receives.

In return, voters receive 100% of the trading fees and bribes collected through the liquidity pool they vote for.

More information on voting can be found the Voting Section section of this document.

Emission Schedule


While Velocimeter supports permissionless liquidity pool. Gauge creation can only include whitelisted tokens. Part of the partner onboarding program will include whitelisting of their tokens where needed.

Partners can request additional tokens to be whitelisted. There is a complete list of all the whitelisted tokens in the Gauges Section

Council of Velocimetry

Requirements for whitelisting are critical to ensuring that the protocol cannot be exploited by actors attempting to game emissions.

To support the health of the protocol and ecosystem, the Council of Velocimetry (similar to the Curve.Finance Emergency DAO) will have the right to disable hostile gauges.

An example of a hostile gauge would be one that has two tokens that cannot be obtained public via any route either inside Velocimeter or in other protocols.

The Council of Velocimetry will initially consist of members from the Velocimeter team but community members will be recruited to bolster this role.