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    • Convex for Curve.fi
      • Convex for CRV Stakers
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      • Understanding cvxCRV
      • Voting and Gauge Weights
    • Convex for Frax Finance
      • Understanding cvxFXS
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      • FPIS to FXS Migration
      • Convex for Frax Liquidity Providers
      • Voting and Gauge Weights
    • Convex for Prisma Finance
      • Understanding cvxPRISMA
      • Convex for PRISMA Boosts
      • Emission Votes and Gauge Weights
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      • Understanding cvxFXN
      • Voting and Governance
    • Tokenomics
    • Understanding CVX
      • Vote Locking
      • Vote Delegation
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    • Using Convex Finance
      • Staking Curve LP Tokens
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  1. General Information
  2. Understanding CVX

Vote Locking

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Last updated 10 months ago

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In order to vote on any proposal on Convex, you must lock your CVX tokens for a fixed time period(a minimum of 16 weeks). Locked tokens will be inaccessible until 16 full epochs have passed.

  • If you lock immediately before a new epoch starts, your CVX will be locked approximately 16 weeks.

  • If you lock in the middle of an existing epoch, your CVX will be locked for 16 weeks + the time between your lock and the next epoch start.

Locks are grouped into weekly "epochs" which start on Thursday at 00:00 UTC. Deposits during the current epoch do not count towards currently active vote weight. CVX must be locked in a completed epoch prior to a vote starting in order to participate.

CVX tokens are automatically unlocked after 16 full epochs have passed

  • Unlocked CVX will sit idle in the until withdrawn by the user

  • Unlocked tokens sitting in the locker contract have the option to Re-lock. Tokens locked in this manner will have vote weight allocated to the current epoch rather than the following epoch.

CVX tokens that sit idle longer than 4 epochs are subject to bounty from other users

Other users may kick idle CVX out of the locker contract and take a 0.25% bounty per epoch past the 4-epoch grace period. Each separate lock is subject to it's own grace period.

  • Example: 400 CVX tokens idle for 5 weeks may be kicked out of the locker contract, and the caller would get 1 CVX token. Original user is left with 399 CVX tokens.

  • Example: 400 CVX tokens idle for 6 weeks may be kicked out of the locker contract, and the caller would get 2 CVX tokens. Original user is left with 398 CVX tokens.

Vote-locked CVX tokens accrue rewards. Locked CVX earn a share of protocol fees. CheckFees section for info on fees vote-locked CVX receive.

Vote Locking CVX
locker contract