FBA Locking & Voting
  • $FBA: ERC-20 utility token of the protocol
  • $veFBA: ERC-721 governance token in the form of an NFT
$FBA is the incentive tokens for users to use FireBird Swap.
$veFBA is used for governance. Any $FBA holder can vote-escrow their tokens and receive a $veFBA in exchange. Additional tokens can be added to the $veFBA NFT at any time.
The lock period (also known as vote-escrowed period, hence the ve prefix) can be up to 10 months, following the linear relationship shown below:
100 $FBA locked for 10 months will become 100 $veFBA 100 $FBA locked for 5 months will become 50 $veFBA 100 $FBA locked for 1 months will become 10 $veFBA
The longer the vesting time, the higher the voting power (voting weight) and rewards the $veFBA holder receives.
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