Vefxs, also known as veFXS, is a vesting and yield system based on Curve's veCRV mechanism.

It is an integral part of the Frax Protocol and is used for cash flow distribution to veFXS holders.

Users may lock up their FXS tokens for up to 4 years to generate veFXS and earn special boosts, governance rights, and AMO profits.

Each veFXS is equal to 1 vote, and it is not a transferable token nor does it trade on liquid markets. Instead, it functions more like an account-based point system that signifies the vesting duration of the wallet's locked FXS tokens within the protocol.