veAPW

Locked APW, where 've' stands for "vote-escrowed," allows holders to influence the parameters and evolution of the Spectra protocol through an on-chain voting process.

veAPW Utility

• Voting on Governance proposals

• Entitlement to 3rd party incentives for helping govern how APW emissions are distributed

• Entitlement to protocol earnings (set to 0% during the protocol's bootstrapping phase)

How to obtain veAPW?

veAPW can be obtained by locking APW from 1 week to up to 2 years via Spectra's App Governance page. The obtained veAPW balance is proportional to the number of weeks locked.

veAPW is non-transferable by design.

Each wallet can only have one veAPW lock duration. This means a single address cannot lock certain veAPW tokens for different periods, such as 2 months, and another set for 3 years. All veAPW tokens per wallet must have the same lock time.