How fees, emissions, and voting incentives steer liquidity to where users actually trade. Status: Pre-launch design overview for Paragon Protocol Most “governance tokens” rot into hype machines: emissions chase mercenary TVL, fees don’t flow to the people doing the work, and voting becomes a popularity contest. veXPGN is different: Lock XPGN → receive veXPGN (time-weighted voting power). veXPGN directs emissions only toward pools that earn usage and pass safety checks. veXPGN earns a share of...