> For the complete documentation index, see [llms.txt](https://solidlizard.gitbook.io/solidlizard/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://solidlizard.gitbook.io/solidlizard/tokenomics/vesliz.md). # veSLIZ ### Understanding and Using veSLIZ * `veSLIZ` is a center piece of the SolidLizard protocol. By locking their `SLIZ`, users get `veSLIZ` that allows them to vote for gauges on a weekly basis, and receive 50% of the trading fees (will increase over time) and 100% of the bribes for the associated pool. * `veSLIZ` holders will also be able in the future to partake in governance and cast votes for protocol improvement proposals. ### veSLIZ Voters Receive * Trading fees generated by the pool(s) they vote for * Bribes deposited for the pools they vote for * Weekly `veSLIZ` rebase ### veSLIZ Specifications * ve(3,3) Mechanics: The Olympus DAO anti-dilution method is combined with Curve's vote-escrowed model in the Solidly-initiated ve(3,3) Mechanics concept. This mechanism safeguards `veSLIZ` holders from dilution and enables a dynamic distribution of `veSLIZ` among participants over time. The anti-dilution level is capped at 30%. * Gauge: A pool with dynamic `SLIZ` rewards based on `veSLIZ` weekly voting allocation. * Bribes: Custom amount of tokens paid by a third party on a gauge to `veSLIZ` holders in exchange for their votes. * Max Lock: 4 years. * Flexibility: `veSLIZ` positions can be merged and sold on the secondary market. ### Voting * To vote, it is important to be aware of epochs. Each epoch lasts for 7 days, after which the bribes and trading fees are distributed. * You earn only from the gauges (pools) you have voted for. * Trading fees and bribes are claimable as a lump sum after the epoch has ended. * You can change or reset your vote only at the next epoch * If you forget to vote, the weight of your vote remains, but you lose the bribes and trading fees. * Warning: once you vote, you won't be able to vote again for a period of 6 days (even if you didn't use all your voting power) By participating in `veSLIZ` voting and governance, holders have the opportunity to earn trading fees, bribes, and weekly distributions. The ve(3,3) Mechanics, Gauge, Bribes, Max Lock, and Flexibility features of `veSLIZ` provide a unique and dynamic experience for users. Remember to vote weekly and stay informed about the epochs to fully take advantage of the benefits of holding `veSLIZ`.
1. Rebase rewards claim is available one full epoch after tokens are locked. External bribe rewards are claimable after a new epoch has started (epochs increment right after 23:59 UTC each Wednesday).