> For the complete documentation index, see [llms.txt](https://docs.usenest.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.usenest.xyz/governance-venest/5.1-venest-basics.md).

# 5.1 - veNEST Basics

veNEST is the governance and coordination layer of nest: it’s how long-term participants direct liquidity incentives *and* capture rewards from trading. If swaps are the fuel, veNEST is the “control panel” that decides where emissions go and fee value flows.

<figure><img src="/files/01272c899f9e53aacd0523a29eabcdf062d3a742" alt=""><figcaption></figcaption></figure>

### Key Features&#x20;

{% stepper %}
{% step %}

### Locking (Max lock duration + linear voting power)

nest uses a short, accessible vote-escrow model:

* You can lock  NEST **up to 6 months**.
* Voting power is **linear** with time:
  * **100 NEST for 6 months → 100 veNEST**
  * **100 NEST for 3 months → 50 veNEST**

A simple way to think about it:

> **veNEST ≈ NEST locked × (months remaining / 6)** (linear model).
> {% endstep %}

{% step %}

### Decay (what happens if you do nothing)

If you don’t extend or auto-max your lock, your voting power trends down toward expiry. In the current model guidance, **a max (6 month) lock left to decay reduces voting power by \~4% each epoch**.&#x20;

nest epochs run on a **weekly cycle** (votes + emissions allocation update on the epoch boundary). Once the 6-months is up your veNEST position will unlock to NEST.
{% endstep %}

{% step %}

### Voting (manual vs automated)

***

* **Route A — Manual voting:** \
  You vote each epoch to direct emissions and pursue fee value + any bribes in the pool you select\
  \
  Set up **Otomato Alerts** for vote/unlock reminders, see [**Notifications & Alerts**](/tutorials/6.10-notifications-and-alerts.md)

{% hint style="warning" %}
The last hour of voting is reserved for the **HYPE Engine Vault (HEV)** to optimally vote so APRs can vary
{% endhint %}

***

* **Route B — Automated-Voting:**\
  Deposit veNEST into the **HYPE Engine Vault (HEV)**:
  * the vault **votes automatically**
  * you receive the **MEGAHYPE distribution route** (Hype Engine rewards)&#x20;
  * rewards are compounded, buying NEST and re-locking into your veNEST position

{% hint style="warning" %}
If your veNEST is in HEV, **manual voting is disabled**, and **merge/transfer won’t work**
{% endhint %}
{% endstep %}
{% endstepper %}

### Practical links&#x20;

* Create lock: <https://app.usenest.xyz/lock/create>&#x20;
* Vote: [https://app.usenest.xyz/vote](https://app.usenest.xyz/vote?utm_source=chatgpt.com)&#x20;
* Dashboard: <https://app.usenest.xyz/dashboard>&#x20;