> For the complete documentation index, see [llms.txt](https://docs.cleo.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cleo.exchange/introduction-to-cleopatra/ve-3-3-fundamentals/vecleo-vecleo.md).

# veCLEO (veCLEO)

<figure><img src="/files/Eke5tscYviJq7tmUeskX" alt=""><figcaption></figcaption></figure>

veNFTs are specialized ERC-721 tokens that implement the vested-vote escrow (ve) model, representing a user's underlying position.

veNFTs have a multitude of benefits in the Cleopatra ecosystem, such as:

* Vote on gauge emissions
* Vote on pools to earn Vote Bribes, and Swap Fees
* Transfer/Merge NFT positions
* Dilution Protection Rebases