veBIO

What is veBIO?

veBIO stands for "vote-escrowed BIO" and represents your governance power within the Bio Protocol. It is not a transferable token but rather a status that grants you voting rights and a greater share of protocol rewards. The longer you lock your BIO, the more veBIO you receive.

How to get veBIO?

You can obtain veBIO by staking your BIO tokens in the protocol's governance module:

  1. Acquire $BIO: First, ensure you have BIO in your wallet.

  2. Navigate to the Staking Page: Go to the official staking interface on the Bio.xyz platform.

  3. Choose Lock-up Period: Select the amount of BIO you wish to stake and the duration you want to lock it for. The longer the lock-up period, the more veBIO you will receive in return.

  4. Confirm Transaction: Approve the transaction in your wallet to lock your $BIO and receive veBIO.

For more information, refer to our guide on Staking BIO

How to use veBIO?

veBIO is used to actively participate in the governance and direction of the Bio Protocol:

  • Voting on Proposals: Use your veBIO to vote on key governance proposals, such as funding decisions, protocol upgrades, and parameter changes.

  • Earning Boosted Rewards: Holding veBIO can boost your yield from staking and other reward-generating activities.

  • Signaling and Curation: Influence which projects or BioAgents receive attention and a greater share of resources from the ecosystem.

Further Reading

For more detailed information about veBIO and its role in the ecosystem, please see the following pages:

  • Staking BIO: A step-by-step guide on how to stake your BIO tokens to obtain veBIO.

Related Information

Token Information:

Staking & Governance:

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