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Major Story Arcs
Ve with his 2 brothers Odin and Vili, Were part of the first few Asgardians wars with the Frost Giants, They helped build Asgard. The 3 brothers learnt that Surtur was plotting to destroy the nine worlds with his giant flame sword and ignite the Eternal Flame of Destruction; this would have led to Asgards destruction. So the 3 brothers set out to defeat him and avert destruction. They could not fight him individually, so the 3 merged into a giant that was the size of Surtur and they succeeded in shattering his sword, meaning he could not go through with his plan, they then returned to their individual forms and took the Eternal Flame of Destruction and fled.
Surtur with the help of his army chased them into the nexus between Asgard and Muspelheim. While this was happening Odin rode through the nexus carrying the Flame, Vili and Ve could not keep up and were forced to stay in Musphelheim – They knew they would not win if they did not stay behind and fight the army chasing them, they were killed in combat and their life force or power was given to Odin, creating the Odin force, a combination of the 3 powers.
Powers and Abilities
Like his brother Vili , Ve was never shown to have a certain amount of strength, but it was indicated he was 1/3 of the strength of Odin, this was the case because once he died, Odin got some of his power and in turn this led to the Odin force being created. Vili can probably lift between 30-35 tons, this was just higher than the average Asgardian.
He has never actually been shown to posses many powers. But he has the standard Asgardian power-set regardless, Super-strength and speed. 3x more durable than a human. He could probably have some magical ability because of his power that was transferred to Odin.