Curve Governance



Curve uses an escrow and vesting mechanism to divvy voting power to token holders. In theory, users who commit to becoming long term holders have more at stake on their investment, and could be expected to make more responsible governance decisions.
Unlocked tokens have no voting power. To gain governance power, token holders must lock their tokens for a fixed period of up to 4 years. Voting power is proportional to token holdings multiplied by time locked, and decreases linearly over time as tokens get closer to unlocking.
Locked tokens can be granted additional utility features beyond voting, depending on the underlying protocol. In Curve's case, locked tokens also increase rewards earned from liquidity mining through gauge weight voting.