# Voting and Governance

FX Protocol governance proposals through veFXN 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 **veFXN** for strategic reasons such as optimizing liquidity or **FXN** rewards for **vlCVX** holders.

Only up to 20% of Convex allocation may be used on a FXN wrapped asset such as cvxFxn. Any amount over this will be distributed proportionally to other pools.

The remaining **veFXN** weight will be distributed proportionally according to the bi-weekly **vlCVX** votes.


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