|Voting Escrow (veSaber Token)|
Saber is a decentralized exchange that provides the liquidity for stablecoins,mwhose value is pegged to another asset, like the US dollar or bitcoin. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
Having veSBR offers a few opportunities for its holders compared to just having CRV.
Holding veSBR grants holders the rights to be involved in the governance of the protocol. Holders with at least 10 million veSBR have the right to create a proposal.
The holders of veSBR can vote which farms should have more or less incentives- the aggregate voting proportions weighted by the veSBR amount determine the reward distribution for the next epoch.
There currently are no rewards for locking tokens up.