Question 1

What is VNO?

Accepted Answer

VNO is Veno Finance's native protocol token; it is not itself the liquid staking token users receive after staking CRO, ATOM, or ETH. Veno's liquid staking products allow users to receive liquid tokens that can continue to be used for on-chain activities after staking underlying assets; VNO primarily connects reward participation, lock-up incentives, and ecosystem incentive modules. Therefore, holding VNO does not mean that underlying assets have been staked, nor does it automatically grant redemption rights to any particular liquid staking token. VNO's specific role depends on whether it is deposited into modules such as Reservoir or Fountain, as well as the chain in use and the rules open for that module at the time.

Question 2

What is the purpose of locking VNO?

Accepted Answer

Locking VNO in Reservoir enables participation in that module's reward distribution while taking on risks related to its insurance function. On Cronos, the official documentation states that lockers can receive CRO and ATOM rewards; on zkSync Era, lockers can receive ETH rewards. The reward assets and applicable networks therefore differ. Reward share is affected jointly by the amount locked and the lock-up duration, rather than by holdings alone. Reservoir offers terms of 3, 12, 48, and 96 months, with weight multipliers of 3x, 12x, 48x, and 96x respectively; under otherwise identical conditions, a longer lock-up or more locked VNO carries a larger reward-distribution weight. Locking means asset liquidity is restricted for the selected term.

Question 3

What is the difference between Reservoir and Fountain?

Accepted Answer

Reservoir is a VNO locking module that combines reward participation and insurance functions: users participate in reward distribution on specific networks through their locked-VNO weight, while its mechanism is linked to potential slashing risks affecting underlying validators. Fountain, meanwhile, is listed by the official documentation as another vault where VNO can be deposited for additional yield in boost farming scenarios. The two should not be compared solely by “which has higher yield.” Reservoir's disclosed rules explicitly include lock-up terms, cross-network reward assets, and CRO slashing risk; Fountain's available terms, reward assets, eligibility, and exit rules should be based on that module's page at the time. Before choosing, users should first confirm the chain and module they are using rather than treating every VNO lock-up as the same product.

Question 4

What is VNO's supply?

Accepted Answer

VNO has a total supply of 2 billion tokens, of which 1.7 billion are deployed on Cronos and 300 million are deployed on zkSync Era. The two amounts add up to the total supply, indicating that the official allocation distributes supply across the two networks. This cross-chain distribution does not mean VNO on the two networks can be exchanged directly without a supported route. The version actually available to a user depends on the network of the wallet, networks supported by the application, and the cross-chain process used; before transferring, depositing into a vault, or claiming rewards, users should confirm that the chain holding the asset matches the target module.

Question 5

What other uses does VNO have in the ecosystem?

Accepted Answer

In addition to participating in Reservoir rewards, VNO can be used for additional yield or boost farming in vaults such as Fountain, and may also appear in Veno's liquidity and ecosystem incentive arrangements. “Boost” here is a mechanism in which a module allocates additional rewards for locking or participation according to its rules; simply holding VNO does not necessarily generate yield. Actual outcomes depend separately on four conditions: the network, the module selected, the deposit or lock-up term, and the reward rules and pool status at the time. Liquidity incentives may also involve the price and pool risks of the assets used to provide liquidity, so VNO's ecosystem uses should not be understood as an unconditional fixed return.

Question 6

What risks should be considered when participating in VNO locking?

Accepted Answer

Reservoir's risks do not come only from VNO price movements or locked liquidity. The official documentation states that Reservoir lockers also bear slashing risk related to underlying CRO staking; if slashing occurs, users may incur CRO losses. This is the cost of the module's insurance function. Veno states that it will first use accumulated CRO rewards from its own treasury and, where necessary, allocate Reservoir's future reward share to compensate affected users until losses are covered. However, this describes the project's handling mechanism and does not eliminate risks such as slashing, inability to exit freely during the lock-up period, changing rewards, or market price volatility. Before participating, users should understand the term and scope of risk assumed by the selected vault.

Question 7

How is Reservoir reward weight calculated?

Accepted Answer

In Reservoir, rewards are not distributed evenly based on the single figure of “how much VNO is locked,” but according to relative weight formed by the locked amount and term. A user's relative weight can be understood as: amount of VNO locked × selected term multiplier; that user's reward share also depends on this weight's proportion of all participants' weights. For example, the multipliers are 3x, 12x, 48x, and 96x for lock-ups of 3, 12, 48, and 96 months respectively. This relationship explains why longer terms generally have higher distribution weight for the same amount; it does not directly provide a certain yield rate, because the total reward pool, other users' weights, network, and reward assets can all change.

Question 8

How do Reservoir rewards differ across networks?

Accepted Answer

Reservoir's reward sources and assets differ between Cronos and zkSync Era. On Cronos, the official description states that the goal is to share 50% of validator rewards in CRO with Reservoir VNO lockers, and it also mentions ATOM rewards; on zkSync Era, lockers receive a commission share of ETH rewards. “50%” is the official expression of a sustainable sharing target on Cronos and should not be understood as every user receiving a 50% return on their locked assets. The amount each individual receives still depends on the reward pool, lock-up weight, and other participants; in addition, the validator commission in the Cronos description is 10%, and Veno states that it no longer charges an additional commission on this staking yield.

Question 9

Why does the lock-up term affect VNO availability and rewards?

Accepted Answer

In terms of availability, the key difference between locking VNO and holding VNO directly is the time restriction. Reservoir requires selecting a lock-up term of 3, 12, 48, or 96 months; once the lock-up begins, users participate in reward distribution at a higher or lower weight, but cannot treat that locked VNO as an immediately freely transferable balance. The longer the term, the higher the weight multiplier, reflecting the protocol's exchange of a longer liquidity commitment for a larger relative reward share. When selecting a term, users need to balance potential reward weight against the cost of being unable to flexibly deploy funds during the term; they should not compare multipliers alone while ignoring their own funding needs.

Question 10

What is the difference between VNO and Veno's liquid staking tokens?

Accepted Answer

VNO is a protocol token, whereas liquid staking tokens represent a user's underlying staked position or corresponding rights in a specific Veno staking product; the two have different economic roles. Users stake underlying assets to obtain liquid staking tokens, aiming to retain an asset form that can be used on-chain; locking VNO instead enters the protocol's reward-participation or boost modules. Therefore, the two are not interchangeable: owning a liquid staking token does not mean VNO has been locked or Reservoir weight has been obtained; owning VNO does not mean liquid staking of CRO, ATOM, or ETH has been completed. To determine what rewards are received, whether redemption is possible, or what risks are assumed, users should first distinguish the type of asset held and the module in which they participate.

Question 11

What chain and module conditions should be confirmed before using VNO?

Accepted Answer

When using VNO, the first step is to confirm the network and target module: VNO on Cronos and VNO on zkSync Era belong to the same project supply framework but are located on different chains; Reservoir's reward assets also vary by network. Only when the wallet network, token version, and module support relationship align do subsequent deposit or claim operations have their intended meaning. The second step is to confirm the operation type. Locking VNO in Reservoir selects a term and creates reward weight and insurance-risk exposure; depositing into other vaults may be subject to another set of rules; a simple transfer does not create these module rights. Before executing any on-chain operation, users should verify the contracts, terms, rewards, and transaction-confirmation details shown in the official interface.

Question 12

How might VNO's protocol uses relate to market supply and demand?

Accepted Answer

VNO's uses are connected to Veno protocol activity, but protocol usage, reward distribution, or locked amounts cannot be directly equated with demand to purchase VNO or price appreciation. One possible transmission path is: if users need to acquire and lock VNO to participate in a VNO-exclusive vault or raise their relative reward weight, tradable balances may decrease or additional demand may arise; this is only a conditional chain. Whether this relationship holds also depends on factors such as whether module rewards continue, whether users are willing to lock, whether existing holders sell, cross-chain liquidity, the overall market, and token supply arrangements. Therefore, protocol activity or higher lock-up weight alone is not a guarantee of price, yield, or liquidity outcomes.

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