Glossary

Key terms and concepts in the Venice.ai ecosystem. Each term links to the relevant VeniceStats page where you can explore the data.

PROTOCOL

VVV: The native token of Venice.ai, a privacy-focused AI inference platform. VVV lives on Base (Coinbase's L2) and serves two purposes: governance and revenue capture via the buy-and-burn mechanism. Genesis supply was 100M tokens. Full VVV explainer →
sVVV: Staked VVV. A non-transferable receipt token received 1:1 when you deposit VVV into the staking contract. sVVV accrues daily DIEM rewards and can optionally be locked to mint additional DIEM. Staking analytics →
Staking: Depositing VVV into the staking contract to receive sVVV. Stakers earn daily DIEM mints proportional to their share of total staked VVV. No lock required — staking is flexible by default.
Locking: Locking sVVV as collateral to mint DIEM. Locked sVVV earns 80% of normal emission yield — Venice.ai receives the remaining 20% as protocol revenue. The lock is enforced on-chain and cannot be broken early.
Emissions: New VVV created daily and distributed to sVVV holders as staking rewards. The emission rate is protocol-controlled and has been reduced in stages from 14M at launch to 3M VVV/year today, dropping to 2.5M on Sep 1 and 2M on Oct 1. Tokenomics →
Cooldown Period: A mandatory 7-day waiting period after initiating an unstake. During cooldown, VVV is neither staked nor liquid — it's in transit. Cooldown VVV still counts toward your total position value. Unstaking wave chart →
Buy-and-Burn: Venice.ai allocates a portion of platform revenue to purchasing VVV on the open market (via Aerodrome DEX) and sending it to the burn address, permanently removing it from supply. Organic burn rate sat at ~37–57K VVV/month through early 2026 — see live pace on the Burns page →
Airdrop: The initial VVV token distribution to early Venice.ai users. 24.7M VVV was allocated; unclaimed tokens were burned. VeniceStats tracks claim status, loyalist vs seller behavior, and retention. Airdrop analytics →

DIEM

DIEM: A utility token representing tokenized perpetual AI access. 1 staked DIEM = $1/day of Venice.ai API inference credits, forever. Minted exclusively by locking sVVV — the collateral is not spent and remains recoverable. Full DIEM explainer →
Mint Rate: The global rate determining how much sVVV must be locked to mint 1 DIEM. Follows an exponential curve: 90 × e^(2 × (supply/target)³). As supply approaches the current target cap, the cost rises parabolically. Live mint rate →
Personal Burn Rate: A wallet-specific ratio of sVVV locked per DIEM outstanding. Determines how much DIEM you must burn to recover your locked sVVV. The round-trip is always zero-sum: lock X sVVV → mint Y DIEM → burn Y DIEM → recover X sVVV.
DIEM Staking: Staking DIEM activates AI inference credits at $1/day per staked DIEM. Minimum stake: 0.1 DIEM ($0.10/day). No lock period; can unstake anytime with a short cooldown. DIEM calculator →
Collateral (sVVV Lock): sVVV locked as backing for minted DIEM. The collateral is not spent — it continues earning 80% of emission yield while locked. To recover it, burn the equivalent DIEM at your personal burn rate.

VENETIAN SYSTEM

Venetian Identity: Every tracked wallet on VeniceStats has a unique identity composed of a Role, Era, Size tier, Badges, and a Venetian Score. This identity drives the AI-generated Renaissance portrait. Community hub →
Roles: Engagement-based roles forming a protocol funnel: Mercenary (stakes DIEM without holding sVVV), Gondolier (stakes sVVV, no lock), Glassblower (locked sVVV), Merchant (locked + stakes the DIEM they minted), Patrician (bought extra DIEM on the market), Consul (Patrician in the top 250 by sVVV), Illuminati (top 25 by sVVV with lock and staked DIEM — the Council of Ten).
Eras: Time-based tiers reflecting when a wallet first interacted with Venice: Founding (genesis participants), Pioneer, Settler, Citizen, Newcomer. Newcomers can graduate to Citizen after 6 months and Settler after 12.
Size Tiers: 12 aquatic-themed tiers based on the wallet's size, from Plankton (smallest) to Leviathan (500K+). Size is the sVVV balance. Each tier has a specific threshold.
Badges: 15 automatic achievement badges. Rarity is dynamic — based on how many Venetians hold each badge (Mythic, Legendary, Rare, Uncommon, Common). Awarded for milestones like locking, DIEM activity, airdrop loyalty, exposure, and on-chain consistency.
Conviction Score: A score measuring long-term alignment with Venice — engagement, not wealth. A logarithmic base on locked/unlocked sVVV is multiplied by time on-chain, DIEM engagement, and position growth. The top 100 earn the Ironclad badge. Distinct from the Venetian Score that ranks the leaderboard.
Renaissance Portraits: AI-generated paintings unique to each wallet, created by Venice.ai's image model (recraft-v4-pro). The prompt is derived from the wallet's Venetian identity — role, era, size, and badges all influence the style and atmosphere.

BLOCKCHAIN & INFRASTRUCTURE

Base: Coinbase's Layer 2 blockchain, built on the Optimism (OP Stack) framework. All Venice.ai contracts, tokens, and on-chain activity live on Base. Low fees (~$0.01 per transaction) make it practical for frequent staking and DIEM operations.
Aerodrome: The largest decentralized exchange (DEX) on Base. Hosts the VVV/WETH and VVV/DIEM concentrated-liquidity pools that provide price discovery and trading for both tokens.
Sablier: An on-chain token vesting protocol. Venice.ai uses Sablier streams for team and investor VVV vesting — 201 streams totaling 9.3M VVV. Vesting tracker →
Multicall: A technique for batching multiple on-chain read operations into a single RPC call. VeniceStats uses multicall extensively to read staking positions, balances, and DIEM data efficiently.
Concentrated Liquidity (CL): A DEX liquidity model where providers concentrate funds within specific price ranges instead of across the full spectrum. Both VVV/WETH and VVV/DIEM pools on Aerodrome use this model for deeper liquidity at active trading prices.

TREASURY & SUPPLY

Treasury: Protocol reserves held in multisig wallets, controlled by the Venice.ai team. Contains VVV earmarked for development, partnerships, and the incentive fund. Treasury tracker →
Vesting: The gradual release of tokens over time, enforced on-chain via Sablier streams. Prevents large holders (team, investors) from selling all at once. Vesting schedule →
Cliff: A vesting term: the initial period during which no tokens can be withdrawn. After the cliff ends, tokens begin streaming linearly. Venice team vesting has a 12-month cliff.
Deflationary: A token is net deflationary when burns remove more supply each month than emissions and vesting unlocks add. VVV is on an announced path toward that crossover: emissions fall by schedule, most of the vesting drip ends at the January 2027 cliff, and buy-and-burns keep growing. The collision chart →
Incentive Fund: A $27M fund established by Venice.ai to support developers building AI applications, agents, and infrastructure on the Venice platform. Seeded with 11.5M VVV from the treasury.
Circulating Supply: The total VVV available in the market: genesis supply minus burned tokens, minus treasury/vesting locks. Currently ~78.7M VVV. Supply breakdown →