Véritable DAO

4 min readFeb 7, 2022

Introduction

Véritable DAO is an experimental project created for full community ownership — to be used according to the found use case among the most sufficient and valuable contributors. To capture the interest and involve more capital in the project, Véritable will need your support among different social media, community channels, and influential people.

Once we will be listed on the Defillama and reach the top 25 projects by TVL on Polygon, we will take a snapshot of the top 100 $VRT token holders to begin preparing the NFT distribution phase.

Users can farm Véritable DAO governance token, $VRT, through the 20 days of yield farming campaign. Holders of $VRT will collectively determine through the governance proposal how any future NFT farming rewards are distributed.

The launch is fair: no seed, no presale, no insiders.

100% of the total token supply will be allocated to the community.

Website: https://veritable.finance/

Launch and Tokenomics

$VRT will be distributed only through the liquidity mining on Polygon. Distribution will be to both ‘Pool 1’ and ‘Pool 2’ stakers. Participants can deposit six assets into Pool 1 pools to farm $VRT, or provide liquidity for $VRT-USDC on QuickSwap for boosted Pool 2 rewards. Those who choose to LP on Pool 2 should be well aware of the impermanent loss risk.

Pool 1 assets: WETH, WMATIC, WBTC, USDT, USDC

Pool 2 asset: QuickSwap $VRT-$USDC LP tokens

Resource: What is Yield Farming

The $VRT governance token does not carry any monetary policy, however with the exception of future DAO proposals and applied changes. $VRT represents only governance rights over a Véritable DAO. In case Véritable DAO will fail to reach the top 25 projects, we will double the number of needed top holders for the NFT distribution. Anyway, this is just an experiment and you will be free to withdraw your deposit. DAO proposals and governance voting will be implemented after week soon on Snapshot.

$VRT will be earned by users over time proportional to their contribution to the pools. Each Pool 1 will distribute the same amount of $VRT, and users are free to deposit whatever is most convenient.

Community-owned protocol

Each user is able to create official channels for communication with other participants and discussion of general ideas and thoughts, e.g. Telegram and Discord channels.

Development announcements will be available on Véritable DAO’s Medium blog and Twitter page.

Token Distribution

Token: $VRT

Address: 0x6397835430a5a5f8530F30C412CB217CE3f0943b

Total supply: 1,000,000,000

Reward distribution time: ~20 days

Reward distribution allocation:

WETH Pool: 100,000,000
WMATIC Pool: 100,000,000
WBTC Pool: 100,000,000
USDC Pool: 100,000,000
DAI Pool: 100,000,000
VRT — USDC Pool: 500,000,000

Security

Please keep in mind that there are always risks when interacting with DeFi protocols. Below are security measures implemented by Véritable DAO:

Secured MasterChef fork contract
The contract is tested and has been reviewed multiple times. However, it is not audited
100% of the total supply goes to the community

Contracts

Masterchef: 0xE139E30D5C375C59140DFB6FD3bdC91B9406201c

$VRT: 0x6397835430a5a5f8530f30c412cb217ce3f0943b

Pool 1

WETH: 0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619

WMATIC: 0x0d500B1d8E8eF31E21C99d1Db9A6444d3ADf1270

WBTC: 0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6

USDC: 0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174

DAI: 0x8f3Cf7ad23Cd3CaDbD9735AFf958023239c6A063

Pool 2

LP: 0xA823ACB033F3fD8392E925958b790747e9e68545

Sneak-peak of future governance NFTs

Disclaimer

You use Veritable.io (the “Site”) and the Véritable DAO protocol (the “Protocol”) at your own risk. Users should fully understand and accept the risks associated before using the Protocol, which includes, but are not limited to, front-end mistakes, bugs, hacking, regulatory and tax ambiguity, and entire loss of cash. Do not invest money that you cannot afford to lose. The Protocol is unaudited and has a high level of risk. There are no promises or warranties given about the security of funds deployed, and Véritable DAO will not be accountable or responsible for any damages suffered. You represent and warrant that your use of the Site or the Protocol does not violate any law, rule, or regulation in your jurisdiction of residency. The Protocol (and any related token) are not meant to be investment products, and nothing on the Site or any of Véritable DAO’s social media platforms should be interpreted as financial advice.