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veANGLE

Locked ANGLE that provides multiple benefits

Background

veANGLE stands for "voting-escrowed" ANGLE, and is the governance token of the Angle Protocol.
It is a modular and all-purpose vesting and yield system based off of Curve’s veCRV and Frax's veFXS mechanisms. The key property of veANGLE, beyond being a governance token, is that it is non-transferable and it does not trade on liquid markets.

🧾 veANGLE Features

veANGLE can be obtained by locking ANGLE from 1 week to up to 4 years. A smaller balance of veANGLE is obtained when locking for a shorter time. veANGLE balances decrease linearly with time to reflect the reduction in lock-time, approaching 0 veANGLE when lock time is about to end and ANGLE locked to be released.
As mentioned above, veANGLE is the token used for voting for governance proposals and ANGLE emissions through gauge weights in the Angle protocol. As such, veANGLE holders are shaping the future of the protocol.
Beyond voting on governance proposals and gauge weights, veANGLE is useful in two main aspects:

Next ➡️

The following pages explain in more detail how the essential features of the veANGLE system work.