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Vote Locking

What is vote locking?

CSM holders can vote lock their CSM into the Cashmere DAO to receive veCSM. The longer they lock for, the more veCSM they receive. Vote locking allows you to vote in governance, boost your CSM rewards and receive trading fees.

What is the vote locking boost?

When vote locking CSM, you will also earn a boost on your provided liquidity. The goal is to incentivise users to participate in governance by rewarding them with a bigger share of the daily CSM inflation.

What are veCSM?

veCSM stands for voting escrow CSM. They are your CSM locked for voting. The longer you lock your CSM for, the more voting power you have (and the bigger boost you can reach). You can vote lock 1,000 CSM for a year to have a 250 veCSM weight. Each CSM locked for 4 years is equal to 1 veCSM. The number of veCSM you will receive depends on how long you lock your CSM for. The minimum locking time is one week and the maximum locking time is four years. Your veCSM weight gradually decreases as your escrowed tokens approach their lock expiry.​

How is your boost calculated?

You can find a calculator at this address: ' '

What if I provide liquidity in multiple pools?

Your voting power applies to all gauges but may produce different boosts based on how much liquidity you are providing and how much total liquidity the pool has.

What happens if more people vote lock?

If other liquidity providers vote lock more CSM, your boost will stay what it was when you applied it. If you abuse this, another user can kick and force a boost update to take you down to your real boost.

How often does my boost records voting power changes?

Your voting weight decreases over time but your boost will take notice of your decreasing voting power at certain checkpoints like withdrawing, depositing into a gauge or minting CSM. For example if you start at 1000 veCSM and your voting power decreases to 800 veCSM, your boost will still use your original voting power of 1000 veCSM until a user checkpoint.
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How can I apply my boost?

How to know my boost is active?*

If your boost is showing then it is active.
If you have locked but your boost isn't showing then you need to apply it.