# veSPECTRA



**veSPECTRA**

* Contract Address: [0x6a89228055C7C28430692E342F149f37462B478B](https://basescan.org/address/0x6a89228055C7C28430692E342F149f37462B478B)
* Network: Base Network

**Utility**

veSPECTRA is a transferable NFT representing locked SPECTRA. Its current utilities include:

* Voting on Spectra Governance proposals
* A 4-year ve(3,3) locker model

Locks and protocol governance remain in place. Under [SGP-20](https://snapshot.box/#/s:spectradao.eth/proposal/0xd7479ab72bcbde83cfd5c7e0be2609e36ab275ec70a761f380ac34c5166b6a4d), weekly SPECTRA emissions and the rebase have been zero since 2 July 2026; gauge voting and the voting-incentives marketplace are paused. See [current emissions](/docs/spectra/tokenomics/spectra#emissions).

[SGP-19](https://snapshot.box/#/s:spectradao.eth/proposal/0xd1a081c2783ba428627fbafa2a65d9d26571eae45647917d45bd7571d18a493b) redirected the pool swap fees previously distributed through the ve(3,3) path to the DAO treasury. veSPECTRA currently provides governance rights, with no direct pool swap-fee revenue or rebase for lockers.

**How to obtain veSPECTRA?**

veSPECTRA can be obtained by locking SPECTRA from 1 week to up to 4 years via Spectra's [App](https://app.spectra.finance/governance).

SPECTRA holders can create multiple locks, allowing for more efficient governance participation.

## ve(3,3) Rewards [#ve33-rewards]

The ve(3,3) model includes pool fee distribution, a weekly rebase, and voting incentives. Their current treatment is:

* Pool revenues: the model's 60% trading-fee share is routed to the DAO treasury under SGP-19.
* Weekly rebase: `(veSPECTRA.totalSupply() / SPECTRA.totalSupply() )^3 * 0.5 * weekly emissions`. With emissions at zero, the rebase is also zero.
* Third-party voting incentives relate to votes directing SPECTRA emissions to pools. Gauge voting and the voting-incentives marketplace are currently paused.

## Rewards Boost [#rewards-boost]

The SPECTRA emissions boost uses veSPECTRA balances to calculate the earning weight of LP positions. The boost does not create emissions: with SPECTRA emissions at zero, there are no SPECTRA emission rewards to boost. This mechanism does not boost pool swap fees or underlying yield.

* **Minimum Boost:** Applies when a holder has no veSPECTRA.
* **Maximum Boost:** Applies when a holder has locked enough veSPECTRA. See the [maximum boost calculation](/docs/spectra/tokenomics/vespectra#how-to-obtain-the-maximum-boost) below.

## When Is the Boost Applied? [#when-is-the-boost-applied]

The boost calculation is applied automatically.

* **Liquidity Movements:** Each time liquidity is added or removed from a pool, the balance of veSPECTRA is snapshotted for all Liquidity Providers.
* **Boost Duration:** The boost remains the same until a new liquidity event occurs in the pool.

## How Is the Boost Calculated? [#how-is-the-boost-calculated]

For native SPECTRA emissions, the boost mechanism calculates the earning weight of liquidity provided to pools. With sufficient voting weight (veSPECTRA), a holder can boost that earning weight by up to **2.5x**. The earning weight affects the allocation of SPECTRA emission rewards when emissions are distributed.

**Example:**\
A boost of 2.5x on a $10,000 deposit gives it the earning weight of $25,000 for SPECTRA emission rewards. With emissions at zero, both earning weights receive zero SPECTRA emission rewards.

#### Boost Calculation Formula [#boost-calculation-formula]

```text
B = \min\left(2.5, \ 1.5 \times \frac{v}{V} \times \frac{D}{d}\right) + 1
```

with:

* `B` : the rewards boost (between 1 and 2.5).
* `d` : The value of your deposit in the pool (in USD).
* `D`: The total value deposited in the pool (in USD).
* `v`: The amount of veSPECTRA held (vote weight).
* `V`: The total veSPECTRA in the system (total vote weight).

## How to Obtain the Maximum Boost [#how-to-obtain-the-maximum-boost]

Achieving the **maximum boost of 2.5x** requires a share of veSPECTRA voting power **at least equal** to the holder's share of LP tokens in the pool.

* **Example:**
  * A holder with **30%** of the LP tokens in a pool needs at least **30%** of the total supply of veSPECTRA.

#### In Other Words [#in-other-words]

veSPECTRA holdings need to be **proportional** to the holder's **liquidity share** in the pool to maximize the emissions boost. This increases the earning weight without creating SPECTRA rewards while emissions are zero.