FOREX holders can lock their tokens into the handleDAO to receive veFOREX - 'vote escrowed FOREX'
veFOREX allows users to participate in protocol governance. it incentivises this by rewarding them with a bigger share of the daily FOREX emissions dependent on their token lock commitment.
the longer the lock, the more veFOREX a user will receive, giving them more voting power, increased FOREX rewards and larger potential rewards boost.
the number of veFOREX users receive depends upon on the duration FOREX is locked, with the minimum locking time one week epochs and the maximum, four years.
1 FOREX locked for the maximum duration is equivalent to 1 veFOREX, and users can earn a boost up to a maximum 2.5x. as the escrowed tokens approach their lock expiry the veFOREX weight decreases linearly.
*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.