To participate in governance, Hermes Protocol users need to lock their HERMES into a voting escrow.
veHERMES stands for voting escrow HERMES NFT. They are your HERMES locked for voting. The longer you lock your HERMES for, the more voting power you have (and the bigger boost you can reach). You can vote lock 1,000 HERMES for a year to have a 250 veHERMES weight.
Your veHERMES weight gradually decreases as your escrowed tokens approach their lock expiry. A graph illustrating the decrease can be found at this address: https://hermes.maiadao.io/#/locker
Get more voting power by locking your HERMES for a longer period of time.
You can only vote using your voting weight at the block where a proposal was created.
DAO voting has not been set up yet, it will be soon.