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- The VeBetterDAO Dashboard consolidates key tools, such as Pool2Earn actions, a snapshot countdown timer for governance voting, and liquidity management for the B3TR/VET pair.
- The dashboard allows users to convert B3TR tokens to VOT3 for voting, manage liquidity, and track and claim rewards from previous rounds.
The VeBetterDAO Dashboard, said to improve governance and user involvement within the VeChain, has gone live. VeChain on X (previously Twitter) unveiled it as “your one-stop shop to participate in the VeBetter governance.” The firm also thanked the efforts of the Better Collection team toward developing this new platform. This is further evidence of the ethos followed by the community: “BUIDL BUIDL BUIDL.”
More About VeBetterDAO Dashboard
The Better Collection team, in their own post, described the launch as a “game-changing new release” and highlighted the dashboard’s features, which consolidate various Pool2Earn actions on a single page. Among the tools offered is a countdown timer, designed to inform users about the next snapshot for governance voting.
“With our handy countdown, you’ll know exactly when the snapshot for the next round is,” they said, urging users to prepare accordingly. The dashboard also allows users to manage liquidity effectively, allowing them to “add or remove liquidity of the B3TR/VET pair.” This functionality makes interactions within the ecosystem easier and fits in with VeChain’s emphasis on decentralization, per the CNF report.
Token conversion is another feature that allows users to convert their B3TR tokens into VOT3 tokens before snapshots and revert them afterward in order to participate in Pool2Earn initiatives. Voting is also streamlined because the user can simply allocate his VOT3 tokens to his preferred projects, including Pool2Earn by BetterSwap.
There is also a rewards system included in the dashboard, which displays expected rewards and allows users to claim rewards from previous rounds. “Happy surprise, you all,” concluded The Better Collection team, highlighting the advantages for active participants. Thus, the VeBetterDAO Dashboard will serve as the key tool to engage the VeChain community and continue decentralized governance efforts, reported CNF.
VET Token Price Action
Despite the latest dashboard launch, VeChain’s VET token is suffering from an extended downtrend. At press time, the VET price was down by 4.49% to $0.04259 on Monday, January 13. However, the 24-hour trading volume of VET skyrocketed 73.44% to $96.43M. This could mean increased interest among traders or could also signal a sell pressure in the market as they offload their positions, per the CNF report.
The derivatives market also shows a pessimistic picture for the token. According to Coinglass, VET open interest slumped 4.89% to $105.01 million today. Moreover, long liquidations surged to $503,820, nearly 10 times of short liquidations, indicating at a significant sell pressure. Nonetheless, with new advancements in the VeChain ecosystem, the VET token adoption could grow in the near future, potentially stabilizing its price.
