> For the complete documentation index, see [llms.txt](https://token.metasignals.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://token.metasignals.io/tokenomics/vote-escrow-governance.md).

# Vote Escrow & Governance

**Vote escrow** is the core mechanism that powers staking, rewards, and governance in the Meta Signals ecosystem. By locking your MSIG tokens, you receive **veMSIG** (vote-escrowed MSIG), which determines your eligibility for various utility, voting power, and staking rewards.

{% hint style="info" %}
**veMSIG** (vote-escrowed MSIG) is non-transferable and represents a holder's commitment to the ecosystem. It determines the level of access to benefits: the longer MSIG is locked, the more veMSIG is received.
{% endhint %}

## Why Lock Tokens?

Locking MSIG tokens provides three core benefits:

1. **Utility:** MSIG unlocks trading fee discounts, subscription discounts, broader alert coverage vs the Free tier, and tools to build, share and follow trading strategies.
2. **Staking Rewards:** Receive MSIG from the staking treasury.
3. **Governance Voting:** Vote on platform decisions and platform upgrades.

<figure><img src="https://4261583271-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNzCnzwcHvx6648OMUEE0%2Fuploads%2FeAR7sywUwziCHCcXHUi5%2Fmsig_vemSIG_flow_figma.png?alt=media&amp;token=6997e652-8b30-42ab-84e5-948c27a67006" alt="Vote escrow lifecycle: Lock MSIG for 1-24 months, receive veMSIG, unlock Subscription Discounts, Governance Voting, Staking Rewards, and Expanded Alerts Coverage with decay option"><figcaption><p>The vote escrow lifecycle: lock, benefit, decay, extend</p></figcaption></figure>

## Quick Summary

<table><thead><tr><th width="265.2000732421875">Topic</th><th>Description</th></tr></thead><tbody><tr><td><a href="/tokenomics/vote-escrow-governance/what-is-vemsig.md"><strong>What is veMSIG?</strong></a></td><td>How veMSIG is calculated and its properties</td></tr><tr><td><a href="/tokenomics/vote-escrow-governance/staking-benefits.md"><strong>Staking Benefits</strong></a></td><td>Multipliers and subscription discounts</td></tr><tr><td><a href="/tokenomics/vote-escrow-governance/staking-lockup.md"><strong>Staking Lockup</strong></a></td><td>Lock duration, decay, and withdrawal rules</td></tr><tr><td><a href="/tokenomics/vote-escrow-governance/staking-lp-tokens.md"><strong>Staking LP Tokens</strong></a></td><td>How LP token staking works</td></tr><tr><td><a href="/tokenomics/vote-escrow-governance/staking-rewards.md"><strong>Staking Rewards</strong></a></td><td>Where rewards come from and how they're funded</td></tr><tr><td><a href="/tokenomics/vote-escrow-governance/reward-distribution.md"><strong>Reward Distribution</strong></a></td><td>How rewards are calculated</td></tr><tr><td><a href="/tokenomics/vote-escrow-governance/voting-and-proposals.md"><strong>Voting &#x26; Proposals</strong></a></td><td>How to participate in governance</td></tr></tbody></table>