governance staking (veFOREX)
holders of veFOREX, provide valuable 'locked' liquidity to the protocol, are in return are rewarded by being able to;
(i) participate in protocol governance,
(ii) up to 2.5x boosted rewards & superior APRs across a whole range of protocol actions - providing liquidity, trading & converting or referring new users.
(iii) receive a share of any protocol fees distributed to the governance pool, and
the minimum locking time one week epochs and the maximum, one year. 1 BPT locked for the maximum duration is equivalent to 1 veFOREX. a users veFOREX weight decreases linearly as the escrowed tokens approach their lock expiry.
the following is a breakdown of reward categories and where veFOREX boosts apply
*implementation in progress
**this tokenomic system draws from the innovative and foundational work implemented by curve.fi. we thank them for their inspiration and contribution to both defi and protocol tokenomics.