Many of us who are familiar with Multichain have been waiting for veMULTI for a long time. Can you explain to us what is veMULTI?

veMULTI is the governing scheme for multiDAO. It is inspired by the Curve and Solidly Model. Anyone who stakes MULTI will receive a veMULTI NFT (which can be traded). This NFT serves as stakers’ credentials to claim future bridge fee distribution and NFT holders also have the power to vote on governance proposals so that their voice can be heard by the community. The NFT power is determined by staked MULTI amount and lock duration. The rewards for MULTI stakers are distributed in USDC on a weekly basis, which means that there is no MULTI emission and thus no token inflation. This week for example APY is at 160% in USDC.