How to EARN with veVEP

Earn up to 2000% APY

VOTE TO EARN ON VEPLUS - EARN YOUR PASSIVE INCOME

The heart of VEPLUS is the ERC721 governance token, $veVEP. This token allows VEP holders to have their own passive income when participating in the Veplus ecosystem.

1. What and Why vote to earn?

“Vote and earn” that provide passive income to $VEP holders on a weekly basis. By locking $VEP, holders will receive $veVEP, and users holding $veVEP will have the right to vote for the pools that will receive emissions each Epoch. The longer you lock $VEP, the more $veVEP you will receive.

So what is veVEP utilities?

Protocol revenue access: veVEP holders can vote for protocol on a weekly basis, and access 70% of the trading fees (later 80%) and 100% of the bribes for the associated pool.
Governance participation: veVEP holders can partake in governance and cast votes for the protocol improvement proposals.

When you use veVEP for voting, you will receive the following benefits:

100% Bribe Revenue: All voters earn 100% of the bribes for the pools they have voted for in each epoch.
70% Fee Revenue: veVEP voters will receive 70% of the transaction fees from the pool they have voted for.
Weekly veVEP distribution (rebase)

2. How to start Vote and Earn

2.1 Create veVEP & gain your voting power

(If you have veVEP aready, read 2.2 Vote and Earn with veVEP)

Step 01: VEP holders access the "Lock" feature at: https://app.veplus.io/lock

Step 02: On the "Vest" page, click the "Create Lock" button (on the right side).

Step 03: The "Create New Lock" table will appear, where users enter the amount of $VEP they want to lock and the lock duration. The longer the lock duration, the more $veVEP tokens you will receive. The proportions are defined as follows:

100 VEP locked for 2 years will become 100 veVEP
100 VEP locked for 1 year will become 50 veVEP

Step 04: Click the confirmation window on your wallet to confirm.

Step 05: A success message will appear on the screen indicating that the transaction has been completed.

Step 06: In the "Vest" section, you will see the corresponding $veVEP tokens for the amount you have locked.

2.2 Vote and Earn with veVEP

Check the pools and cast the vote here: https://app.veplus.io/vote

Higher APR = Higher reward

You need to cast your vote every epoch to earn rewards in the next epoch. All epochs start at 0:00 UTC on Thursdays every week, so please remember to cast your vote before 0:00 UTC on Thursday to avoid losing your voting reward.