> 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="https://574688988-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYMqlsCWiUq0hugfAqLjK%2Fuploads%2F6eglx50LK6L2CRSUEwR7%2FveCLEO%20Rewards.png?alt=media&amp;token=2473b346-a63d-4378-925a-451c14a074ea" 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