> For the complete documentation index, see [llms.txt](https://docs.townsq.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.townsq.xyz/next-gen-incentive-for-next-gen-yield-assets/vetown-for-pools-and-vaults/town-vote-escrow-v2.md).

# TOWN Vote Escrow V2

In addition to the incentive distribution governance illustrated in V1, V2 brings forth the governance of additions of pools and vaults, as well as TOWN staking.

On a high level, veTOWN is used to determine additions as follows:

* veTOWN mirroring: veTOWN is mirrored into gveTOWN as a vote token to separate its V1 vote power & V2 vote utility;
* The gveTOWN vote token can be used to vote for additions of pools and assets, including the paramter settings of a pool.
* TOWN staking unlocks interest fee reduction and vault management fee discount features.

The benefit of V2 primarily revolves around:

* Making pool addition and vault addition permissionless, allowing new curators to participate without having to go through a manual contact process;
* Making the scrutiny of the asset and the curator's credentials public and more rigorous;
* Decentralize the governance of the protocol.
* Adding the additional utility of TOWN as a stakable token.

Specifics of V2 will be shared post-V1 launch.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## 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, and the optional `goal` query parameter:

```
GET https://docs.townsq.xyz/next-gen-incentive-for-next-gen-yield-assets/vetown-for-pools-and-vaults/town-vote-escrow-v2.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

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.