Almanak possesses a single large VCM composed of two sub-VCMs, highly inspired by the design of CRV. One is the classical Governance Token fashioned after Curve's veToken model. The other encompasses the acquisition of liquidity boost by the Vault liquidity providers that also possess veAlmanak.
This token function represents tangible and intangible value derived from controlling the decision-making regarding resources, parameters, or updates on the protocol level. The requirement for obtaining governance power is locking the Almanak token in the vote-escrow contract.
The governance power and related value can be obtained only after locking Almanak (action which corresponds to the Transferability Restriction) and casting a vote (the Conditional Action).
The governance of the protocol controls a number of protocol parameters, the distributions of an income stream in the form of regular Almanak emission (cf. CRV gauge emissions), and a countable number of improvement proposals, current and future.
This token function represents the ability to generate additional yield for a liquidity provider with a veAlmanak position.
This value is delivered to veAlmanak stakers who provide liquidity to a Vault or a number thereof and received in the form of a boost, which is applied based on the relative weight of the liquidity provider's position within a given Vault.
The boost multiplies the LP reward when distributing the epochal emissions within the pool.