Being a vWIG Holder

The vWIG token serves as the governing and voting asset within the ecosystem, endowing vWIG holders with the authority to shape the allocation of oWIG emissions. Through this prerogative, they gain the ability to: a) Acquire the swap fees corresponding to the gauge for which they are casting their vote. b) Obtain bribes that might be offered. c) Participate in crucial deliberations and decisions regarding the protocol. d) Anticipate forthcoming surprise $oWIG airdrops, including an exclusive airdrop for initial week vWIG holders.

A notable advantage of vWIG is its unlockable nature within just one week. In contrast to other Solidly/Velodrome models, this characteristic introduces essential liquidity to the vWIG token.

Furthermore, a distinct and remarkable benefit of vWIG is its capacity to enable borrowing with no liquidation risk. Given the bonding curve's assurance that each circulating WIG is always backed by at least 1 ETH, holders of vWIG can securely borrow up to 1 ETH against each vWIG staked. This borrowing mechanism eliminates the risk of liquidation since the borrowed ETH's value is consistently supported by WIG tokens.

To obtain vWIG, users can engage in the process of locking their WIG tokens into vWIG. This locking process, as previously noted, involves a one-week waiting period for unlocking.