# veBAL Tokenomics Balancer DAO is extremely excited to introduce the newest iteration of tokenomics for the Balancer governance token (BAL). On February 10th, 2022, the vote for [veBAL Tokenomics](https://snapshot.org/#/balancer.eth/proposal/0x9fe19c491cf90ed2e3ed9c15761c43d39fd1fb732a940aba8058ff69787ee90a) began. By a landslide of 361,000 votes to 147, the changes have been approved by the governance process. The vote ended three days later February 13th leaving the community riddled with anticipation. Implementation of the new tokenomic model comes coupled with several key points. {% embed url="" %} Video by Spiers - Courtesy of Balancer DAO marketing initiatives - the gauge voting has changed since this video was created. {% endembed %} Since the initial proposal, a key change has been made regarding the gauge voting. 100% of emissions will be controlled by veBAL holders across all networks. In this case no liquidity mining committee will be required and veBAL will only receive the percentage, which pertains to the voting done the veBAL holders. See more on these changes [here.](https://snapshot.org/#/balancer.eth/proposal/0x21aaaaeb9343c7876ae6c6aeee2d478237987edf43b7be946c92a947b7186634) The highlights are vote-escrowed locking of BAL / WETH pool tokens, gauge voting for veBAL token holders to determine where liquidity mining emissions are allocated, incentives boosting, protocol revenue distribution, and a well-defined BAL inflation schedule. With all these updates wrapped into one package many of our community members may be left asking: what does this mean for me? Continue reading to dive into to the mechanisms and what we have seen from similar projects! More information: * [High Level Summary; TLDR](https://balancer-dao.gitbook.io/learn-about-balancer/fundamentals/vebal-tokenomics/tldr) * [Vote Escorwed Governance](https://balancer-dao.gitbook.io/learn-about-balancer/fundamentals/vebal-tokenomics/vote-escrowed-governance) * [Financial Implications](https://balancer-dao.gitbook.io/learn-about-balancer/fundamentals/vebal-tokenomics/financial-implications) * [Inflation Schedule](https://balancer-dao.gitbook.io/learn-about-balancer/fundamentals/vebal-tokenomics/inflation-schedule) *Balancer DAO is in no way providing financial advice, recommendations, or guarantees of economic outcomes. The documentation covers potential outcomes based on similar circumstances from alternate Defi Protocols (Curve and BeethovenX primarily). The DAO recommends users to do their own research and make financial decisions based on inferences formed by themselves.* --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://balancer-dao.gitbook.io/learn-about-balancer/fundamentals/vebal-tokenomics.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.