Project 05 — 2025
Vexy
A marketplace that made locked, illiquid veAERO tradable — concept to shipped code in weeks.
Vexy is a purpose-built exchange and aggregator for veAERO and veVELO — vote-escrowed NFTs that lock a holder’s tokens and voting power, and are notoriously hard to sell. It pulls scattered listings into one interface, prices every position by its discount, and lets holders exit instantly. We took it from concept to shipped code in a few short weeks.
Traction — veAERO market, live on Base
Core flows — non-custodial, every step
Instant sell — straight from your wallet
Make an offer at your discount
List a veNFT for sale
Signature view
The discount curve
Every listing plotted by discount against lock size, on a log scale. Bubble size is order value; the horizontal trails are live Dutch auctions sliding their price down until they clear — the whole market’s shape, from deals to whales, in a single read.
The problem
A veAERO NFT locks real value — AERO plus years of voting power — but there’s no clean way out. Listings sit scattered across venues, pricing is opaque, and a holder who needs liquidity is left waiting or dumping into a thin market.
The approach
We treated the discount as the product. Every locked position gets a clear, comparable price — plotted against lock size — so buyers see the value and sellers see the real market. Listings from across the ecosystem aggregate into one view.
Then we made the exit instant: fixed-price or Dutch-auction listings, standing offers to buy at a chosen discount, and one-click sell-now against the best offer — non-custodial the whole way.
“An illiquid asset isn’t one nobody wants. It’s one nobody has built the market for — yet.”