> For the complete documentation index, see [llms.txt](https://docs.roguex.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.roguex.io/tokenomics/ve-4-4/stakeholders.md).

# Stakeholders

For veROX holders, the following three core functionalities have been designed:

**Locking Logic:**

* Stake ROX to obtain a veNFT, which records the locked amount, expiration date, and veROX quantity.
* Maximum lock duration: 365 days.
* veROX calculation: ROX quantity \* stake duration / maximum lock duration.
* veNFTs can be transferred, combined, or split.
* When merging, the new stake duration aligns with the longer of the two NFTs' maximum lock durations.

**Voting Logic:**

* Cast votes in the respective pools, with voters eligible to receive 40% of the pool's fees + XX% ROX inflation.
* Distribute ROX inflation to LP stake pools and leaderboard pools based on voting proportions.

**Treasury Logic:**

* 10% of fees are deposited into the Treasury.
* BOND Mechanism:
  * When ROX falls below a specified price, users can exchange it for U, with a linear release over 7 days.
  * When ROX rises above a specified price, users can exchange U for ROX, also with a linear release over 7 days.
  * (Pending confirmation) The sum of the purchase quantity and BOND pending quantity should not exceed the total veROX holdings.