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veELTA is vote-escrowed ELTA used for governance weight.

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Mechanics

  • lock ELTA for 7 to 730 days
  • receive non-transferable veELTA
  • boost scales linearly from 1x to 2x
  • principal unlocks after expiry
Unlike decaying ve-token models, current veELTA voting power does not continuously decay over time between user actions.