Token Locking & veDXLYN
Introduction to Vote-Escrowed DXLYN
veDXLYN (vote-escrowed DXLYN) is the governance token of the Dexlyn platform. By locking your DXLYN tokens for a specified duration, you receive veDXLYN, which grants you:
- Voting power to direct emission rewards toward pools
- Eligibility for rebase rewards distributed weekly
- Governance participation rights in protocol decisions
- Boosted rewards on your liquidity positions
The longer you lock your tokens, the more veDXLYN you receive, creating an incentive for long-term commitment to the protocol.