Understanding mgCVG
mgCVG
stands for metagovernance CVG
and represents a voting power over underlying protocols. mgCVG
can be compared to vlCVX
or vlAURA
, as the metagovernance power held by mgCVG
isn't time diluted.
The amount of mgCVG
a user will receive by locking CVG
depends on how long CVG
are locked. The longer a user locks CVG
, the more mgCVG
his NFT
will receive. mgCVG
amount is equal to the initial veCVG
amount and remains unchanged until the end of the lock.
mgCVG
is used to vote on snapshots to participate in underlying protocols governance.
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