Links
🗳

governance staking (veFOREX)

users can lock FOREX/fxUSD (80/20) Balancer Pool Token (BPT) into the handle governance pool to receive veFOREX - 'vote escrowed FOREX'.
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) receive a share of any protocol fees distributed to the governance pool, and
(iii) up to 2.5x boosted rewards & superior APRs across a whole range of protocol actions - providing liquidity, trading & converting or referring new users.
the longer the holder locks their FOREX/fxUSD (80/20) BPT, the more veFOREX they will receive and the larger their voting power and boosted rewards.
the minimum locking time one week epochs and the maximum, on 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.
**for instructions on how to add balancer liquidity and lock for veFOREX - click here**
the following is a breakdown of reward categories and where veFOREX boosts apply
category
veFOREX boost
governance pool - FOREX/fxUSD
YES
hLP depositors
YES
fxKeeper pools
YES
curve fxUSD - handle 3pool
YES*
curve fxEUR
YES*
trade & convert rebate %
YES*
referral %
YES*
*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.