@klimadao
kVCM time-locks run on 90-day cycles.
Lock kVCM, govern the protocol, participate in programmatic incentive distribution.
Then choose at expiry: exit, or re-up?
The Protocol's first rollover expired last week.
Here's what we found:
• 4.94M kVCM was unlocked
• 75% of unlocking wallets opened new locks
• 5.22M kVCM in total committed to new locks
+273k kVCM into locks since rollover.
Conviction extending.
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