DeFi · 91 / 127 · 1 min
A locked vote
You lock tokens to vote. The lock is real. The outcome can still move the fees away from you.
The lock stops you leaving. It does not stop a larger lock steering the fees.
A worked case
Someone locks tokens for a year to earn a say. A holder with a longer lock steers emissions to a pool the smaller locker does not use. The year still has months left. The vote worked. It worked for the larger lock.
The lock
Some designs give more votes to people who lock for longer. You cannot leave during the lock. That is the trade.
The gauge
Votes steer where new tokens are paid. Whoever gathers the votes gathers the emissions. Your lock does not stop them outvoting you.
Votes are weights
Decentralised finance borrowed an old idea: lock your claim for longer, receive more say. The lock is enforceable. The say is still a weight. A larger weight steers emissions, fees, and sometimes the treasury.
You can be locked and outvoted at the same time. The page that called the lock ownership left out the other locks.
Read it yourself
These links are the record. They are not a recommendation, and they are not instructions. A news story or a court paper can still be wrong about a detail. The check does not change because a famous name is in the story.
Apply the check
Open a question. The line is about this topic. It is not a verdict that anything is safe.
Whoever the emissions are steered toward.
The weight of the locks.
The lock period, for you. The vote, for where the fees go.
Check yourself
Write it in your own words. The course's answer opens after that. Nothing is sent.
After this you can say how long you are locked, and who the vote can pay.