One reason I am very optimistic about @MMTFinance is its ve(3,3) model. Many of my followers might be players focused on yield farming or memes, and may not understand DeFi well, nor the mechanics of ve(3,3). So today, I will provide a simple and easy-to-understand explanation of what ve(3,3) is. 1️⃣ Let's break it down into two parts: It is actually a combination of two economic concepts: 1. "ve" — vote escrow This means: You lock your tokens in the system for a period of time in exchange for voting rights and rewards. The longer you lock them and the more you lock, the higher your governance rights and dividends. For example: If you lock 100 tokens for 1 year, you might get 50 voting rights. If you lock 100 tokens for 4 years, you might get 200 voting rights. This encourages people to lock their assets long-term and prevents them from dumping. This mechanism originated from Curve's (CRV) veCRV model. 2. "(3,3)" — from the game-theoretic incentive model of Olympus DAO This symbol is an abbreviation for a psychological game: it assumes that if everyone chooses to stake long-term and cooperate, the overall yield of the system will be maximized. This situation is referred to as "(3,3)" (a win-win). Conversely, if someone exits midway and does not stake, everyone's yield will decrease. This is a concept of "cooperative game theory" that encourages everyone to hold long-term and build the ecosystem together. 2️⃣ ve(3,3) combines these two mechanisms That is: You lock tokens (ve) to gain governance rights and dividends; At the same time, through the (3,3) incentive mechanism, it encourages everyone to lock long-term, allowing the system to achieve continuous win-win. 3️⃣ How does it operate in actual projects? For a simple example, take Velodrome or Thena: 1. There are many trading pools on the platform, such as ETH/USDT, OP/USDC. 2. You can lock the platform tokens (like $VELO) to exchange for veVELO. 3. After obtaining veVELO, you can vote to decide which trading pools can receive more rewards. 4. Other project teams will bribe voters to attract more people to vote for their pools. For example: "If you vote for my pool, I will give you an extra reward of $1000." 5. Thus, everyone starts to strategize: the more you lock, the more accurately you vote, the more you earn. 6. Finally, the system forms a cycle: • Project teams offer bribes to attract liquidity. • LPs provide funds for market making. • ve holders vote to allocate rewards. • Platform fees are then returned to ve holders. This flywheel is the core of the ve(3,3) model. 4️⃣ Why is it gaining popularity? Because it solves a long-standing contradiction in DeFi: Projects want to retain liquidity, but users want to exit at any time. The design of ve(3,3) using locking + voting + rewards, motivates everyone to stay while making governance more market-oriented. After reading this, do you have a better understanding of ve(3,3)? The momentum countdown is 14 days, so remember to get in on it! The TVL should reach 500m today!