What is veMSIG?

The values and parameters on this page are preliminary and subject to change before launch.

When MSIG tokens are locked in the vote-escrow system, veMSIG (vote-escrowed MSIG) is received in return. The veMSIG balance determines subscription discounts, governance voting power, and staking reward eligibility.

veMSIG is non-transferable. It represents a holder's commitment to the ecosystem and determines access to benefits. The longer MSIG is locked, the more veMSIG is received.

How veMSIG is Calculated

The amount of veMSIG received depends on two factors: the number of MSIG tokens locked and the lock duration. Longer lock periods yield more veMSIG for the same token amount.

$$\text{veMSIG} = \text{MSIG} \times \left( \frac{\text{lockMonths}}{24} \right)$$

Where:

• veMSIG = vote-escrowed MSIG received

• MSIG = amount of MSIG tokens locked

• lockMonths = duration of the lock in months (1-24)

veMSIG Examples

MSIG Locked	Lock Duration	Calculation	veMSIG Received
10,000	24 months	10,000 x (24/24)	10,000 veMSIG
10,000	12 months	10,000 x (12/24)	5,000 veMSIG
10,000	6 months	10,000 x (6/24)	2,500 veMSIG
10,000	1 month	10,000 x (1/24)	417 veMSIG

Key Mechanisms

Unlike regular tokens, veMSIG behaves differently by design. These properties ensure the system rewards genuine long-term commitment.

Mechanism	What it means
Non-transferable	veMSIG cannot be sold, transferred, or traded. It remains in the holder's wallet and represents that holder's stake in the ecosystem.
Linear decay	The veMSIG balance decreases over time as the lock approaches expiration (see Staking Lockup).
Maximum lock (24m)	Locking for the full 24-month period grants 1:1 veMSIG per MSIG locked, while shorter lock durations receive proportionally less.