With the introduction of our MAV Liquid Locker (read more about it here), Stake DAO now offers the ability to deposit your MAV and receive an equivalent amount in sdMAV. sdMAV represents the liquid share of Stake DAO’s veMAV locker. When you deposit MAV, Stake DAO will lock it for the maximum locktime indefinitely.
By holding sdMAV, users can experience the advantages of veMAV, including enhanced governance power, incentives for voting, and potentially native yield in the future. All of these benefits are consolidated within a single token, sdMAV.
We are delighted to inform you that if you deposit your MAV into Stake DAO before July 27th, 2023, at 20:00 UTC, you will be eligible for the 10,000,000 MAV Governance Incentive airdrop! (Read more about it here)
The main advantage is that there is no need to lock your MAV for a long duration of 4 years to enjoy these benefits. This model has already been implemented successfully on platforms like CRV, FXS, BAL, PENDLE, and more, gaining significant popularity recently.
We are incredibly excited to introduce this concept to MAV and eagerly anticipate the development of a positive flywheel effect within the ecosystem.
Deposit your first MAV on : https://lockers.stakedao.org/