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Vote Locking
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  • Unlocked CVX will sit idle in the locker contract until withdrawn by the user
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 1% bounty per epoch past the 4-epoch grace period. Each separate lock is subject to it's own grace period.
  • Example: 100 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 99 CVX tokens.
  • Example: 100 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 98 CVX tokens.
Vote-locked CVX tokens accrue rewards. Locked CVX tokens are automatically staked, earning a share of the 5% fee allocated to CVX stakers. Additionally, vote-locked CVX earn an additional 1% fee on top of the normal staking rewards, as outlined in the Fees section.
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