# Moxy Governance Reward (MGR)

[Moxyan](https://moxy-io.gitbook.io/moxy-tokenomics/the-moxy-ecosystem/moxyan) are encouraged to lock their $MOXY into Moxy Governance Rewards (MGR) and participate in Moxy’s Governance; 1 $MOXY locked will give 1 MGR.

[Moxyan](https://moxy-io.gitbook.io/moxy-tokenomics/the-moxy-ecosystem/moxyan) are incentivized to lock their $MOXY into MGR because they can earn 2 - 10% annual rewards paid in $MOXY. The annual rewards earned varies based on the governance participation level, according to the following:

* Vote **Once** within the last 90 days - 2% annual rewards
* Vote **4 times** within the last 180 days - 4% annual rewards
* Vote **7 times** within the last 365 days - 6% annual rewards
* Vote **12 times or more** within the last 365 days - 10% annual rewards

Holders with locked $MOXY may also lock their token as MGR, but their annual rewards that can be earned will be capped at 4%.

New $MOXY would be minted to reward the active MGR participants.   

When holders withdraw MGR, the conversion back into $MOXY will happen over a **90-day linear vesting period** with a daily release. The 90-day release mechanism protects the Moxy Ecosystem from volatility while rewarding users for locking into MGR.

{% hint style="info" %}
Voting by Moxyans is a critical part of the of platform growth and evolution. Moxy has created MGR as a mechanism to reward Moxy Club members for their continued participation in critical topics that will shape the future of Moxy.
{% endhint %}