How To Create VEOs

Accessing the VEOs Section

1. Open the Lucid platform.
2. Navigate to the VEOs section.

Selecting an Organisation

1. Open Organisations View inside the VEOs section.
2. Review available organisations and their active VEO markets.
3. Click Explore on the organisation where the VEO will be created.

Opening the VEO Creation Interface

1. Inside the organisation page, click + Create VEO.
2. The VEO creation interface will open.

Creating a Smart Pool on Steer

Liquidity VEOs require a Smart Pool to be created through Steer Protocol before deployment.

The Smart Pool acts as the Quote Token infrastructure for the VEO.

Quote Token:

• the asset or LP position deposited by participants into the VEO

Creating the Smart Pool

• Click Create Smart Pool inside the VEO setup interface.
• You will be redirected to Steer Protocol.

• Configure the LP pool:
  • token pair
  • liquidity structure
  • pool configuration
• Deploy the Smart Pool.
• Copy the Smart Pool contract address.

This address will later be used as the Quote Token Address during VEO configuration.

Configuring the VEO Market

After preparing the Smart Pool infrastructure, configure the VEO parameters inside Lucid.

Core Configuration Fields

Field	Description
Select Chain	Blockchain where the VEO will be deployed
Select Type	Strategic, Liquidity, or TVL VEO
Select Strategy	Fixed-Price, Sequential Dutch, Oracle-Fixed, or Oracle-Sequential
Payout Token Address	Governance token distributed through the VEO
Quote Token Address	Asset or Smart Pool address used for participation

Vesting Configuration

Configure the vesting structure for distributed governance tokens.

Supported vesting options include:

• Linear vesting
• Standard vesting
• Fixed Term schedules
• Fixed Expiry schedules

Additional vesting configuration includes:

• vesting duration
• unlock timing
• vesting expiry date

Deposit Configuration

Configure how deposits are processed inside the VEO infrastructure.

Supported settings include:

• deposit interval timing
• minimum deposit interval
• market capacity
• accepted asset configuration

The recommended deposit interval is typically:

24 hours

Market Duration

Configure:

• market start date
• market end date
• VEO duration
• participation window

These settings determine when the VEO becomes active and when participation closes.

Pricing Configuration

Configure the pricing model depending on the selected VEO strategy.

Pricing configuration may include:

• fixed pricing
• Dutch auction behaviour
• oracle integrations
• dynamic pricing adjustments
• discount coordination

The interface also provides a Market Simulation preview showing how the VEO pricing behaves based on the configured parameters.

Deploying the VEO

After configuring the VEO:

1. Click Deploy.
2. Lucid generates the deployment proposal.

Depending on the organisation configuration:

• deployment may execute immediately
• or require multisignature approval

Multisignature Approval Flow

If the organisation uses multisig governance:

1. multisig signers must review the proposal
2. signers open the VEO Manager module
3. pending VEO proposals become visible
4. required signers approve the proposal

The required approval threshold must be reached before execution becomes available.

Supported thresholds can include:

• 2-of-3
• 3-of-5

Executing the VEO

After the required approvals are collected:

1. an authorised signer executes the proposal
2. the VEO is deployed on-chain
3. the market becomes visible inside Live Markets

Users can monitor:

• pending VEOs
• historical deployments
• deployment status

through the VEO Manager module.