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veAPW

What are veAPW?#

veAPW stands for voting escrow APW. They are your APW locked for voting. Your veAPW weight gradually decreases as your escrowed tokens approach their lock expiry.

The veAPW has a lock capability of up to 2 years. The liquidity mining rewards emission is controlled by veAPW holders, which can redirect more rewards on their favorite pools by voting on the gauges.

Similar to Curve, locking your APW for veAPW gives access to:

  • Boosted proposal power (participation in the protocol decisions - 1 veAPW = 104 votes, while 1 tAPW or 1 APW in sushi LP = 1 vote)
  • Gauge weight power (liquidity mining redirection)
  • Yield (70% of the protool fees + a small inflation until june 2024)
  • (Coming soon) Boosting power (boost your rewards up to 2.5x)

The longer you lock your APW, the more voting power you have :

  • 1 APW locked for 1 week = 0.009615 veAPW = 1 vote
  • 1 APW locked 6 months = 0.25 veAPW = 26 votes
  • 1 APW locked 1 year = 0.5 veAPW = 52 votes
  • 1 APW locked 2 years = 1 veAPW = 104 votes

Even if your veAPW voting power decreases over time, 1 APW lock is always redeemable for 1 APW at the end of the lock time. s