# Understanding veCVG

For a better understanding of the following section, the reader is advised to read the [vote-locking explanation](https://resources.curve.fi/governance/vote-locking-boost) at Curve.

**`veCVG`** stands for *vote escrowed* **`CVG`** and represents a voting power called *weight*. **`veCVG`** is a fork of **`veCRV`** with few differences. **`veCVG`** amount is associated with a token ID rather than a user’s address, and balance updates are stalled on Convergence’s weekly cycle (**`cvgCycle`**).

The amount of **`veCVG`** a user will receive by locking **`CVG`** depends on how long **`CVG`** are locked. The longer a user locks **`CVG`**, the more **`veCVG`** his **`NFT`** will receive. 

{% hint style="info" %}
For example:

1. A user vote-locks 1,000 **`CVG`** for 96 **`cvgCycles`**: he will receive 1,000 **`veCVG`**;
2. A user vote-locks 1,000 **`CVG`** for 48 **`cvgCycles`**: he will receive 500 **`veCVG`**. 
   {% endhint %}

**`veCVG`** amount gradually decreases as escrowed tokens approach lock expiration. **`veCVG`** holders can deploy their *weight* in the gauges they want to direct **`CVG`** inflation. Unlike Curve, vote locking will provide no boost, as treasury yields will be redistributed to **`NFT`** holders as an incentive. 

**`NFT`** holders will also be allowed to participate in both Convergence governance and underlying protocols' governance (through **`mgCVG`**). All users that own at least 2,500 **`veCVG`** can submit CIP to the Convergence DAO. 


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