Elektrik
  • Protocol Overview
    • 💡Welcome to Elektrik
    • Get Started (Lightlink)
      • Wallet Setup
      • Connect with Elektrik DEX
      • Lightlink Bridge
        • Supported Tokens
    • More support
  • Product Guides
    • Exchange V2
      • Trading - Swaps
      • Trading - Limit Orders
      • Trading - TWAPs
      • Analytics
      • Governance
      • Liquidity Pools
      • How to add/remove liquidity
      • Exchange
      • Trading - Fees and Routes
Powered by GitBook
On this page
  1. Protocol Overview

Elektrik Token Economy

Elektrik employs a dual token structure as a part of its token economic operations:

  • $ELTK: The native ERC-20 token for the Elektrik protocol. It acts as the base utility token used within the system.

  • $veELTK: An ERC-721 token in the form of a non-fungible token (NFT) and is created when $ELTK holders vote-escrow (lock) their tokens. The amount of $veELTK received is proportional to the lock period, with longer lock periods resulting in more $veELTK.

Last updated 1 year ago