VIP Program
Last updated
Last updated
To access Colony's platform, interact with its features, receive rewards, and become a member of the investment DAO, you need to stake CLY tokens.
After staking your CLY tokens, you will receive ANT tokens on our application. ANT tokens are generated upon staking CLY and represent the staked CLY, with 1 CLY equaling 100 ANT.
In addition to the significant utility that ANT tokens hold within Colony’s Early-Stage Platform—enabling users to interact with projects' NESTs to invest in Seed/Private sales—they also have a crucial role on Colony's DEX. The DEX is designed to execute Colony’s Liquid Vesting mechanisms, facilitating the smooth trading of locked/vesting tokens through ceTokens.
ANT tokens can be used to access the VIP Program benefits on Colony’s DEX. CLY stakers (ANT holders) can lock their ANT tokens in Colony’s DEX to reduce swap fees. The longer and the more ANT tokens they lock, the lower the swap fees, adding another layer of utility for CLY.
By participating in the VIP Program, users not only benefit from reduced transaction costs, but the DEX also allows other investor profiles in the Colony ecosystem, such as KYC-restricted users or those who miss certain seed/private sales, to make the most of their staked assets ($CLY and therefore their ANT tokens). This enhances the overall experience and rewards for everyone on Colony's platform. Additionally, this new utility helps create buying pressure on $CLY from users who are primarily interested in using Colony’s DEX to acquire ceTokens and benefit from lower fees.
Users can commit their ANT tokens to NESTs and/or the DEX's VIP Program. ANT tokens committed to NESTs remain locked until they are matched with USDC. ANT tokens once staked on the DEX are also locked, with the lock duration determined by the chosen Tier. When ANT tokens are locked, they cannot be utilized elsewhere. Once unlocked, users can freely use these ANT tokens across the Colony platform as they choose
