> ## Documentation Index
> Fetch the complete documentation index at: https://docs.elata.bio/llms.txt
> Use this file to discover all available pages before exploring further.

# veELTA & Governance

> Lock ELTA for voting power and protocol-wide rewards

## Overview

Lock ELTA → get veELTA → earn 15% of all protocol fees + voting power. Longer lock = more veELTA.

<Card title="Lock ELTA" icon="lock" iconType="light" href="https://app.elata.bio/rewards">
  Go to the Rewards page
</Card>

***

## Why Lock ELTA?

### Earn Protocol Fees

veELTA holders receive **15% of all protocol fees**:

* Trading fees from every app
* App launch fees
* Tournament fees

Distributed proportionally by veELTA balance.

### Governance Power

Vote on:

* Protocol parameters
* Fee adjustments
* Treasury allocations
* New feature proposals

### Duration Boost

Longer locks = More veELTA:

| Lock Duration | Boost | 1,000 ELTA → |
| ------------- | ----- | ------------ |
| 7 days (min)  | 1.01x | 1,010 veELTA |
| 6 months      | 1.25x | 1,250 veELTA |
| 1 year        | 1.5x  | 1,500 veELTA |
| 2 years (max) | 2.0x  | 2,000 veELTA |

***

## How It Works

### The Lock Mechanism

1. **Choose amount**: How much ELTA to lock
2. **Choose duration**: 7 days to 2 years
3. **Receive veELTA**: Proportional to amount × duration boost
4. **Earn & vote**: Until lock expires
5. **Unlock**: Receive original ELTA back

### Key Properties

| Property                   | Details                               |
| -------------------------- | ------------------------------------- |
| **Non-transferable**       | veELTA cannot be sold or sent         |
| **Single lock per wallet** | One active lock at a time             |
| **No early unlock**        | Must wait until expiry                |
| **No decay**               | veELTA balance stays constant         |
| **Full principal back**    | Receive 100% of locked ELTA on unlock |

***

## Locking ELTA

### Step-by-Step

<Steps>
  <Step title="Get ELTA">
    Acquire ELTA tokens (from DEX, selling app tokens, etc.)
  </Step>

  <Step title="Go to Rewards Page">
    Navigate to [app.elata.bio/rewards](https://app.elata.bio/rewards)
  </Step>

  <Step title="Enter Amount">
    Choose how much ELTA to lock
  </Step>

  <Step title="Set Duration">
    Use the slider to select lock duration (7-730 days)
  </Step>

  <Step title="Review">
    Check estimated veELTA you'll receive
  </Step>

  <Step title="Approve ELTA">
    First time: approve the veELTA contract
  </Step>

  <Step title="Lock">
    Confirm the lock transaction
  </Step>
</Steps>

### Choosing Duration

Consider:

* **Longer = More rewards** (higher veELTA boost)
* **Shorter = More flexibility** (unlock sooner)
* **Balance** your time preference with earning potential

<Note>
  You cannot unlock early. Choose a duration you're comfortable with.
</Note>

***

## Managing Your Lock

### Increase Amount

Add more ELTA to your existing lock:

1. Go to Rewards page
2. Enter additional amount
3. Click "Increase Amount"
4. Confirm transaction

Your veELTA increases proportionally.

### Extend Duration

Push your unlock date further out:

1. Go to Rewards page
2. Choose additional days
3. Click "Extend Lock"
4. Confirm transaction

Your veELTA increases from longer boost.

### View Your Lock

On the Rewards page, see:

* Current veELTA balance
* Locked ELTA amount
* Unlock date
* Claimable rewards

***

## Claiming Rewards

### How Rewards Work

* 15% of all protocol fees allocated to veELTA holders
* Distributed proportionally by veELTA balance
* Accumulates over time (epochs)
* Claim whenever you want

### Claiming Process

1. Go to [Rewards page](https://app.elata.bio/rewards)
2. Check "Claimable veELTA Rewards"
3. Click "Claim veELTA Rewards"
4. Confirm transaction
5. ELTA sent to your wallet

### Claim Timing

* No deadline to claim
* Rewards don't expire
* Consider gas costs for small claims

***

## Unlocking

When your lock expires:

### How to Unlock

1. Wait until unlock date
2. Go to Rewards page
3. Click "Unlock & Withdraw"
4. Confirm transaction
5. Receive your ELTA back

### What Happens

* veELTA burned
* Full ELTA principal returned
* Stop earning veELTA rewards
* Lose governance voting power

***

## Voting

### Current Governance

veELTA holders can vote on:

* Protocol fee parameters
* Treasury spending
* New feature proposals

### How to Vote

1. Proposal created (on-chain or Snapshot)
2. Voting period begins
3. Connect wallet and vote
4. Voting power = veELTA balance

### Governance Parameters

| Parameter          | Current            |
| ------------------ | ------------------ |
| Proposal threshold | 77,000 ELTA (0.1%) |
| Quorum             | 3.08M ELTA (4%)    |
| Voting period      | 7 days             |
| Timelock delay     | 48 hours           |

***

## Rewards Math

### Your Share

$$
\text{Your Rewards} = \frac{\text{Your veELTA}}{\text{Total veELTA}} \times \text{Protocol Fees} \times 0.15
$$

### Example

| Metric                | Value              |
| --------------------- | ------------------ |
| Your veELTA           | 5,000              |
| Total veELTA          | 1,000,000          |
| Monthly protocol fees | 10,000 ELTA        |
| veELTA share (15%)    | 1,500 ELTA         |
| **Your share (0.5%)** | **7.5 ELTA/month** |

***

## Comparing Options

### veELTA vs App Staking

|                   | veELTA              | App Staking     |
| ----------------- | ------------------- | --------------- |
| **What you lock** | ELTA                | App tokens      |
| **Fee share**     | 15% protocol-wide   | 70% per-app     |
| **Lock required** | Yes (7d-2y)         | No              |
| **Voting power**  | Protocol governance | App-level only  |
| **Risk**          | ELTA price only     | App token price |

### Can Do Both

You can:

* Lock some ELTA as veELTA
* Buy app tokens with remaining ELTA
* Stake those app tokens

This diversifies your reward sources.

***

## Tips

* **Match lock to conviction** — bullish? go 2 years. Uncertain? start shorter.
* **More usage = more rewards** — veELTA yields depend on protocol activity
* **Vote** — you have the power, use it
* **Track taxes** — locking/unlocking/claiming may be taxable

***

## FAQ

<AccordionGroup>
  <Accordion title="Can I unlock early?">
    No. Once locked, you must wait until the unlock date. Choose your duration carefully.
  </Accordion>

  <Accordion title="What if I want to add more ELTA?">
    You can increase your lock amount anytime. Your veELTA will increase proportionally.
  </Accordion>

  <Accordion title="Does veELTA decay over time?">
    No. Unlike some ve-token systems, Elata's veELTA does not decay. Your balance stays constant until unlock.
  </Accordion>

  <Accordion title="What happens to unclaimed rewards?">
    They remain claimable indefinitely. No deadline or expiration.
  </Accordion>

  <Accordion title="Can I transfer veELTA?">
    No. veELTA is non-transferable (soulbound). This prevents vote-buying and ensures genuine commitment.
  </Accordion>
</AccordionGroup>

***

## Risks

<Warning>
  **Price Risk**: ELTA price can go down while locked. You cannot sell during the lock period.

  **Opportunity Cost**: Locked ELTA cannot be used for other purposes.

  **Protocol Risk**: Smart contract bugs could affect locked funds (though contracts are audited).
</Warning>

***

## Summary

| Benefit            | Details                         |
| ------------------ | ------------------------------- |
| **Earn fees**      | 15% of all protocol revenue     |
| **Vote**           | Influence protocol decisions    |
| **Boost**          | Up to 2x veELTA from long locks |
| **Principal safe** | Get 100% back at unlock         |

***

## Next Steps

<CardGroup cols={2}>
  <Card title="Lock ELTA Now" icon="lock" iconType="light" href="https://app.elata.bio/rewards">
    Start earning protocol rewards
  </Card>

  <Card title="Learn Tokenomics" icon="chart-pie" iconType="light" href="/learn/tokenomics">
    Understand ELTA supply and distribution
  </Card>
</CardGroup>