$LIX is the protocol's governance token. Typically, a user's voting power in the DAO would be proportional to their $LIX holdings, but similar to Curve DAO, Lixir DAO has a model in which any $LIX holder will have to make a time commitment by staking their $LIX with a pre-selected timelock in order to be considered part of the DAO. When staking $LIX, one will receive 'veLIX' (voting escrowed LIX). The veLIX quantity received depends on the timelock selected in such a way that