VVET Protocol ($VVET)
Recent developments:
0% of the initial token allocation is held by the creator.
Creator token stats last updated: Sep 10, 2025 14:12
The following is generated by an LLM:
Summary
liquid staking infra with zero creator ownership
Analysis
VVET Protocol aims to enhance capital efficiency in the Virtuals ecosystem through liquid staking via xVIRTUAL and $VVET incentives. Key concerns include the creator holding 0% of the token supply (raising commitment issues), unclear necessity for a new token (vs. using $VIRTUAL), and lack of transparency around team/legal entities. While the roadmap and utility (governance, liquidity mining) are structured, the absence of audits, creator skin-in-the-game, and over-reliance on speculative token mechanics make it high-risk. No direct rug pull evidence exists, but the 0% creator allocation for a non-meme project violates incentive alignment principles.
Rating: 0
Generated with LLM: deepseek/deepseek-r1
LLM responses last updated: Sep 10, 2025 14:12
Original investment data:
# VVET Protocol ($VVET)
URL on launchpad: https://app.virtuals.io/prototypes/0x68E9f5129F5C37d7CaaB60BdaB8dC116cdefdC30
Launched at: Wed, 10 Sep 2025 14:11:42 GMT
Launched through the launchpad: Virtuals Protocol
Launch status: UNDERGRAD
## Token details and tokenomics
Token address: 0x68E9f5129F5C37d7CaaB60BdaB8dC116cdefdC30
Top holders: https://basescan.org/token/0x68E9f5129F5C37d7CaaB60BdaB8dC116cdefdC30#balances
Liquidity contract: https://basescan.org/address/0xe8F35908623a9c17a8a2aF9157e0cEB55806500D#asset-tokens
Token symbol: $VVET
Token supply: 1 billion
Creator initial number of tokens: Creator initial number of tokens: 0 (0% of token supply)
## Creator info
Creator address: 0x21124DeeF82cb872Bb343b6e098A64CafC8A8640
Creator on basescan.org: https://basescan.org/address/0x21124DeeF82cb872Bb343b6e098A64CafC8A8640#asset-tokens
Creator on virtuals.io: https://app.virtuals.io/profile/0x21124DeeF82cb872Bb343b6e098A64CafC8A8640
Creator on zerion.io: https://app.zerion.io/0x21124DeeF82cb872Bb343b6e098A64CafC8A8640/overview
Creator on debank.com: https://debank.com/profile/0x21124DeeF82cb872Bb343b6e098A64CafC8A8640
## Description at launch
VVET Protocol is the liquid staking infrastructure for the Virtuals ecosystem, designed to optimize capital efficiency while expanding staking opportunities. By introducing xVIRTUAL, a liquid derivative of staked $VIRTUAL, VVET enables users to unlock rewards, maintain liquidity
## Overview
1\. Stake $VIRTUAL → Receive xVIRTUAL
\- Users deposit $VIRTUAL and receive xVIRTUAL, a liquid token that represents their staked position.
\- xVIRTUAL accrues staking benefits while remaining usable across other DeFi activities.
2\. Earn veVIRTUAL Rewards
\- By holding xVIRTUAL, users continue to gain access to veVIRTUAL rewards and ecosystem airdrops, without locking their assets.
3\. Farm $VVET
\- Liquidity providers can supply to the $VIRTUAL / xVIRTUAL pool and stake LP tokens to earn $VVET emissions, creating a dual pathway for rewards.
4\. Unstake Anytime
\- Unlike traditional staking, VVET offers flexibility — users can unstake or reallocate capital without long lock-ups.
## Additional information extracted from relevant pages
<fetched_info>
""" [Creator profile on Virtuals Protocol](https://api.virtuals.io/api/profile/0x21124DeeF82cb872Bb343b6e098A64CafC8A8640)
{
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"bio": "Stake your Virgenity. Earn $VVET.",
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"""
</fetched_info>
<full_details>
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"uid": "b5204572-8a4f-4313-b44e-f3ba4618b898",
"createdAt": "2025-09-10T14:11:42.922Z",
"walletAddress": "0x21124DeeF82cb872Bb343b6e098A64CafC8A8640",
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"sentientWalletAddress": null,
"category": "IP MIRROR",
"role": "PRODUCTIVITY",
"daoAddress": null,
"tokenAddress": null,
"virtualId": null,
"status": "UNDERGRAD",
"symbol": "VVET",
"lpAddress": null,
"veTokenAddress": null,
"totalValueLocked": null,
"virtualTokenValue": null,
"holderCount": null,
"mcapInVirtual": null,
"preToken": "0x68E9f5129F5C37d7CaaB60BdaB8dC116cdefdC30",
"preTokenPair": "0xe8F35908623a9c17a8a2aF9157e0cEB55806500D",
"aidesc": null,
"firstMessage": null,
"socials": {
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"tbaAddress": null,
"chain": "BASE",
"mainVirtualId": null,
"top10HolderPercentage": null,
"level": 1,
"valueFx": 0,
"priceChangePercent24h": 0,
"volume24h": 0,
"mindshare": null,
"migrateTokenAddress": null,
"lpCreatedAt": null,
"stakingAddress": null,
"agentStakingContract": null,
"merkleDistributor": null,
"isVerified": false,
"airdropMerkleDistributor": null,
"isDevCommitted": false,
"tokenUtility": "",
"showFounderVideo": false,
"roadmap": "Phase 1: Launch of liquid staking (xVIRTUAL) and core VVET staking dashboard.\n\nPhase 2: $VVET liquidity mining incentives and expanded pool integrations.\n\nPhase 3: Cross-protocol DeFi integrations, enabling xVIRTUAL utility across lending, borrowing, and yield strategies.\n\nPhase 4: Governance rollout powered by $VVET, allowing community-driven upgrades and ecosystem direction.",
"additionalDetails": "Token Utility: $VVET serves as the governance and incentive layer, rewarding liquidity providers and ecosystem contributors.\n\nSecurity First: Smart contracts are designed with a focus on transparency and risk management, ensuring a secure staking experience.\n\nEcosystem Alignment: VVET is built to amplify the growth of the Virtuals Protocol, driving adoption, liquidity, and sustainable value accrual for $VIRTUAL holders.",
"revenueConnectWallet": null,
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"createdAt": "2025-09-10T14:09:26.498Z",
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"characterDescription": "",
"projectMembers": [
{
"id": 32831,
"isAccepted": true,
"title": "Owner",
"createdAt": "2025-09-10T14:09:20.288Z",
"updatedAt": "2025-09-10T14:09:20.288Z",
"walletAddress": "0x21124DeeF82cb872Bb343b6e098A64CafC8A8640",
"virtual": {
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</full_details>
Investment info last updated: Sep 10, 2025 14:12