For WMX holders
It's all starts with WMX
The utility of WMX token is activated only when WMX is staked into a vote-lock contract (vlWMX). The lock up duration is 16 weeks and cannot be changed.
Being vote-locked, WMX allows to its owner fully participate in Wombex and derive the following utility from the protocol:
- Receive a share of protocol fees (charged in mined WOM) for staking WMX in vote-lock
- Govern Wombat using veWOM protocol holdings (meta-governance), influence direction of rewards emission, or sell governance power on secondary market (so-called bribes)
- Govern Wombex protocol, including treasury, emission schedule, and other parameters via vote-locking WMX (vlWMX)
Read a guide how to vote-lock your WMX: