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veHOOKED NFTs

veHOOKED NFTs

veHOOKED NFTs are your voting power in HOOKED Exchange - lock tokens once, vote forever!

🔑 Key Benefits:

  • No expiration - Your voting power never decays
  • Lock once - No need to re-lock tokens every few years
  • Tradeable - NFTs can be transferred or sold
  • Flexible vesting - Choose when to unlock your tokens

How veHOOKED Works​

Simple process:

  1. Lock HOOKED tokens - Choose your lock duration (1-4 years)
  2. Receive veHOOKED NFT - Your voting power as a tradeable NFT
  3. Vote on gauges - Direct weekly HOOKED emissions to pools
  4. Earn rewards - Get trading fees and bribes from your votes

The longer you lock, the more voting power you get!

Voting Power Calculation​

Your voting power depends on:

  • Amount locked: More tokens = more power
  • Lock duration: Longer lock = more power per token
  • No decay: Power stays the same until you unlock

Example: Locking 1000 HOOKED for 4 years gives you 4x the voting power of locking for 1 year!

Key Features​

🔄 No Decay Mechanism​

Unlike other protocols where your voting power decreases over time, veHOOKED maintains constant power:

  • Lock once, vote forever
  • No need to re-lock tokens
  • Predictable governance participation
  • Reduced gas costs over time

NFT Transferability​

veHOOKED NFTs can be freely transferred, creating new opportunities:

  • 🏪 Secondary Markets: Buy/sell voting power
  • 🎁 Delegation: Transfer voting rights without unlocking
  • 🔀 Position Management: Consolidate multiple NFTs
  • 💰 Liquidity Options: Access value without waiting for unlock

Vesting and Unlocking​

When your lock period ends, tokens unlock gradually:

  • Linear vesting: Tokens unlock evenly over time
  • Flexible claiming: Withdraw unlocked tokens anytime
  • Continued voting: Keep voting while vesting
  • Re-lock option: Lock again for more rewards

Benefits vs Traditional ve(3,3)​

⚡

No Decay = No Hassle

Set and forget governance participation

💸

Lower Gas Costs

Single lock transaction vs repeated extensions

🏪

Liquid Governance

Trade voting power through NFT markets

🎯

Predictable Power

Plan long-term strategies with stable influence

Getting Started​

Ready to get your veHOOKED NFT?

  1. Acquire HOOKED tokens through trading or liquidity provision
  2. Choose lock duration (1-4 years for 25-100% power)
  3. Lock tokens and receive your NFT
  4. Start voting on gauge weights every week

Learn more: Governance Guide

veHOOKED NFTs revolutionize DeFi governance - permanent voting power, no decay, full transferability. Lock once, vote forever!