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+## ve (voter escrowed) tokens
+
+### tl; dr
+
+1. you lock up your token (say CRV), and it's converted (to say veCRV), which has the governance power of the protocol
+2. the lock period isn't fixed: the token holder can decide how long they want to lock (max 4 years0
+3. as time goes on through the lockup period, the amoun of token (say veCRV) that a holder has decays lineraly, incentivizing the holder to periodically relock ther original token (say CRV) for ve token (say veCRV)
+4. this creates weighted votes and rewards, plys once converted, the tokens are locked with no unstaking options
+
+
+#### effects
+
+* short-term governance protection against whales (tokens are locked up)
+* fliexibility to choose locked up period