VeChain’s DEX To Launch Governance Token And Yield Farming Program

The VeChain ecosystem is expanding at a fast pace. Their first decentralized exchange (DEX) and automated market maker (AMM) called VEX will launch their governance token with the same ticker next week on November 9th, 13:00 UTC. Related Reading | VET Breaks Major Trend Line, Why VeChain Could See Massive Explosion In addition, the team behind the DEX announced that they will rollout a yield farming program. To be deploy at the same time as the governance token, the yield farming program for the VEX/VET pair could offer users a new opportunity to maximize rewards. Launched in 2019, the VeChain VEX is one of the pioneer protocols in the DeFi sector with a growing community since its inception. Across its history, the team behind the project has try to maintain a focus on the users and has progressively made improvements to the platform. The launch of their second iteration was a major milestone in modernizing the protocol and giving the community more power to determine its future. The launch of the VEX governance token, as the team behind this VeChain DEX said, is part of the next step to become a fully decentralized platform. Users will be able to vote to modify the DEX fees, to integrate new trading pairs, change the farming model, and more. VEX’s roadmap toward decentralization will end with the additional launch of a governance module, as an official post claims. The VeChain Foundation commented the following via thei...