Utility

CARV Token Utility and Purpose

CARV is the native utility token of the CARV ecosystem, used as a medium of exchange within its platform. It empowers players with ownership of data and allows participation in the governance of the ecosystem's development.

• Retail users’ premium utillities in CARV ecosystem, e.g., gas payment for multi-chains, gaming assets purchases, etc.

• Incentive to bootstrap incentive layer, e.g., data owners, providers, consumers.

• CARV can be converted to veCARV with 1:1 ratio through staking

veCARV Token Utility and Purpose

veCARV stands for voting-escrow CARV, is a non-transferable token. veCARV is mainly used for:

• CARV Protocol governance.

• Incentive to bootstrap incentive layer, e.g., data owners, providers, consumers.

• Used for governance voting in P2E system 'Infinite Play'.

• Used in P2E systems to delegate voting rights to escrow pool owners and receive pool rewards.

• Incentivizes node operators who secure and support the network.

• veCARV can be redeemed for CARV with varying rates and waiting periods, which is explained in more detail in The Redemption Process.

How to convert CARV and veCARV

Convert CARV to veCARV

Convert CARV to veCARV at a 1:1 (100%) ratio at any time.

Tip: CARV is transferable. After conversion, veCARV will be non-transferable.

Redemption of veCARV into CARV

VeCARV conversion to CARV requires an unlocking period.

The redemption rate varies for different unlocking periods, with longer unlocking periods resulting in higher redemption rates, reaching up to 100%.

Users are required to pay a network channel fee of 1$ CARV each time they initiate a Redeem.

Users can cancel redemption requests at any time without being fined, including after the unlock period is over if the redemption has not been claimed. period is over if the redemption has not been claimed.

Redemption Duration (Days)	Rewards (CARV)
15	25%
90	60%
150	100%

Once veCARV enters the redemption period, it will no longer be eligible to participate in governance voting.

After the redemption process of veCARV, the remaining (if any) veCARV will be distributed accordingly:

• 50% will be converted to CARV and enter the CARV treasury to maintain network operation.

• 50% will be burned upon claim of redemption, which makes CARV deflationary.