veBIO
Last updated
Last updated
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.
You can obtain veBIO by staking your BIO tokens in the protocol's governance module:
Acquire $BIO: First, ensure you have BIO in your wallet.
Navigate to the Staking Page: Go to the official staking interface on the Bio.xyz platform.
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.
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
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.
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.
Token Information:
$BIO Token Guide - How to acquire and use the native BIO token
BioXP Guide - Understanding the points system and earning mechanics
All Assets Overview - Complete overview of ecosystem tokens
Staking & Governance:
Staking & veBIO Overview - Complete staking system guide
Staking Other Assets - Alternative staking strategies
Launchpad FAQ - Common questions about veBIO and governance