# Voting and Gauge Weights

**vlCVX** holders will collect 5% of all **FXS** emissions from pools staked on Convex, paid out as **FXS**.

Frax governance proposals (**veFXS**) are available for **vlCVX** holders to vote on. Voting will take place on [Snapshot](https://vote.convexfinance.com/#/). Governance proposals are weighted respectively by their **vlCVX** vote outcome. Thus if 60% of **vlCVX** votes for YES and 40% for NO, Convex will submit a vote for 60% YES and 40% NO.

For gauge-weight votes, Convex may allocate up to 20% the protocol’s **veFXS** for strategic reasons such as optimizing liquidity or **FXS** rewards for **vlCVX** holders and LPs.

The remaining **veFXS** weight will be distributed proportionally according to the bi-weekly **vlCVX** gauge votes on pools that are on both Curve and Frax eg. Frax metapools.