# $veWOOF ### `veWOOF` **Utility** Trading Fee & Bribe Revenue * As ve(3,3) mode DEX, veWOOF holders can participate in the protocol's governance and earn rewards by voting for gauges on a weekly basis. * They will have access to 100% of the trading fees and 100% of the bribes for the associated pool. Governance * veWOOF holders can partake in governance and cast votes for the protocol improvement proposals, thus contributing to the protocol's growth and development. ### `veWOOF` **Specifications** * *ve(3,3) Mechanics*: The Olympus DAO anti-dilution method, commonly known as the rebase mechanism, is combined with Curve's vote-escrowed model in the Solidly-initiated ve(3,3) concept. The anti-dilution level for veWOOF has been capped at 30% to safeguard the holdings of veWOOF holders and enable a dynamic distribution of veWOOF among participants over time. * *Gauge:* A pool with dynamic $WOOF rewards based on veWOOF weekly voting allocation. Negative voting is not allowed. * *Bribes*: Custom amount of tokens paid by a third party on a gauge to veWOOF holders in exchange for their votes. * *Max Lock*: 2 year. * *Farming Boost*: This feature has not been included to prevent the emergence of profit-maximizing protocols on top of WoofSwap. Instead, dynamic and decentralized governance over $WOOF emissions is fostered over time. * *Flexibility*: `veWOOF` positions can be merged, split, and sold on the secondary market. ### Voting * To participate in WoofSwap's voting system, it's important to be aware of epochs. Each epoch lasts for 7 days, after which the bribes and trading fees are distributed. * `veWOOF` holders only earn bribes and trading fees of the gauges (pools) you have voted for. * Trading fees and bribes can be claimed as a lump sum after an epoch has ended. * In order to be eligible for the fees and bribes, you must vote weekly. (WoofSwap is building a voting optimizer to help you automatically cast your votes. Stay tuned.) * You have the flexibility to change or reset your vote at any time. * If you forget to vote, the weight of your vote will remain, but you will lose the bribes and trading fees. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://woofswap.gitbook.io/woofswap/tokens/usdvewoof.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.