> For the complete documentation index, see [llms.txt](https://lixir-finance.gitbook.io/lixir-doc/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lixir-finance.gitbook.io/lixir-doc/lixir-dao/lix-and-velix.md). # LIX & veLIX $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 $$ \[\text{veLIX quantity received}] = \frac{\[\text{timelock duration in years}]}{4}\[\text{LIX quantity staked}], $$ where 4 years is the maximum timelock possible. Rather than one's $LIX holdings, one's veLIX holdings are now proportional to their voting power in the DAO and will soon be proportional to their share of the [Protocol Revenue](/lixir-doc/lixir-dao/protocol-revenue.md). veLIX however is non-transferable, so be aware that neither you nor any admin can bypass the timelock on your staked $LIX! --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://lixir-finance.gitbook.io/lixir-doc/lixir-dao/lix-and-velix.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.