veLDY is the governance layer of the Ledgity protocol. When users stake LDY, they receive a veNFT representing their voting power and economic participation in the protocol.
This model ensures that those who commit long-term have stronger influence over protocol decisions.
veLDY = Voting Escrow LDY
A non-transferable representation of staked LDY
Issued as a veNFT
Your staking position is stored on-chain as an NFT
Voting Power scales with lock duration
Longer lock → more governance weight
Accrues buyback yield
veLDY receives distributions from real-yield buybacks
veLDY cannot be sold or traded — it represents commitment, not speculation.
Voting weight is determined by:
Amount of LDY locked × Lock Duration MultiplierLonger lock = more influence + larger share of buyback rewards.
veLDY stakers govern all key protocol decisions, including:
Yield Parameters
Performance fee rate, liquidity buffer ratio
Treasury Allocation
Incentives, partnerships, liquidity deployments
Vault Listings
Approval of new RWA strategies or network expansions
Burn / Distribution Split
Decide how buybacked LDY is allocated
Stakers (veLDY) are the DAO. The DAO sets direction. The Council executes it.
Discussion starts on governance forum (or community call)
A formal proposal is drafted following the Proposal Template
Proposal is submitted to Snapshot
veLDY holders vote off-chain (gasless)
If approved, the Council executes the decision on-chain
veLDY ensures that those who benefit from protocol growth are the same people who guide it.
Long-term stakers
Earn yield from buybacks + shape the protocol
Short-term participants
Can still use vaults, but do not influence governance
This prevents short-term liquidity from influencing long-term strategic decisions.
Commitment = Influence
Governance power reflects long-term alignment
veLDY is non-transferable
Governance cannot be bought temporarily
Voting controls real economic flows
Stakers direct how value is captured and distributed
Governance is transparent & on-chain
No closed decision-making
veLDY makes Ledgity a community-directed protocol — not a company-controlled product.
Last updated
Forum → Proposal → Snapshot Vote → Council Execution → On-Chain Result