# veLIQUIFY

## Understanding and Utilizing veLIQUIFY

VeLIQUIFY is a cornerstone of the LIQUIFY protocol. By locking their LIQUIFY tokens, users obtain veLIQUIFY, granting them the ability to vote for gauges weekly and receive 50% of the trading fees (which will increase over time) and 100% of the bribes associated with the chosen pool. In the future, veLIQUIFY holders will also participate in governance and cast votes for protocol improvement proposals.

### veLIQUIFY Voters Receive

1. Trading fees generated by the pool(s) they vote for
2. Bribes deposited for the pools they vote for
3. Weekly **veLIQUIFY** rebase

### veLIQUIFY Specifications

* **ve(3,3)** Mechanics: The Olympus DAO anti-dilution method is integrated with Curve's vote-escrowed model in the Solidly-initiated ve(3,3) Mechanics concept. This mechanism protects veLIQUIFY holders from dilution and enables dynamic distribution of veLIQUIFY among participants over time. The anti-dilution level is capped at 30%.
* Gauge: A pool with dynamic LIQUIFY rewards based on **veLIQUIFY** weekly voting allocation.
* Bribes: Custom amount of tokens paid by a third party on a gauge to **veLIQUIFY** holders in exchange for their votes.
* Max Lock: **4** **years**.
* Flexibility: **veLIQUIFY** positions can be merged and sold on the secondary market.

### Voting

* Be aware of epochs, which last for 7 days. Bribes and trading fees are distributed after each epoch.
* Earnings come exclusively from the gauges (pools) you vote for.
* Trading fees and bribes can be claimed as a lump sum after the epoch ends.
* Votes can only be changed or reset at the next epoch.
* If you forget to vote, your vote's weight remains, but you forfeit the bribes and trading fees.

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Once you vote, you cannot vote again for 6 days (even if you didn't use all your voting power).
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By engaging in veLIQUIFY voting and governance, holders can earn trading fees, bribes, and weekly distributions. The ve(3,3) Mechanics, Gauge, Bribes, Max Lock, and Flexibility features provide a unique and dynamic user experience. To fully benefit from veLIQUIFY, remember to vote weekly and stay informed about the epochs.
