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What veELTA Is

veELTA is the vote-escrow token for Elata protocol governance. You receive veELTA by locking ELTA tokens for a chosen duration.
  • Lock ELTA for 7 to 730 days
  • Receive voting power proportional to your lock amount and duration
  • Unlock your principal after the lock period expires
veELTA is used exclusively for governance. It does not entitle holders to fee yields.

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Lock Parameters

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Boost Formula

Voting power scales linearly with lock duration:
Example: Locking 1,000 ELTA for 365 days gives you:
  • boost = 1 + (365 / 730) = 1.5x
  • veELTA = 1,000 * 1.5 = 1,500 veELTA voting power

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Position Management

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When To Lock

Consider locking ELTA when:
  • You want to participate in governance proposals
  • You plan to hold ELTA long-term anyway
  • You want to influence protocol direction (fee parameters, graduation thresholds, etc.)
Longer locks give more voting power per ELTA. If you are unsure about duration, start with a shorter lock and extend later.

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Governance Participation

veELTA voting power is used for protocol-level governance proposals submitted through the ElataGovernor contract:
  • Parameter changes: trading fees, transfer tax caps, treasury take percentages
  • Protocol upgrades: contract changes, new features
  • Community decisions: incentive distributions, partnership approvals
Proposals go through a timelock (ElataTimelock) before execution, giving the community time to review changes.

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Next

Stake and Earn

App token staking

Community Systems

Governance mechanics in detail