# How to EARN with veVEP

### **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. 

<figure><img src="/files/UG3V5oaSeUSQHHZekJEt" alt=""><figcaption></figcaption></figure>

## 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.&#x20;

### 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*](#2.2-vote-and-earn-with-vevep)*)*

**Step 01:** VEP holders access the "Lock" feature at:[ https://app.veplus.io/lock](https://app.veplus.io/lock)&#x20;

**Step 02:** On the "Vest" page, click the "Create Lock" button (on the right side).&#x20;

<figure><img src="/files/rpOAd80QH8pDwSEfLiby" alt=""><figcaption></figcaption></figure>

**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&#x20;

<figure><img src="/files/eIsRaNLJWn9GtDG9GEDJ" alt=""><figcaption></figcaption></figure>

**Step 04:** Click the confirmation window on your wallet to confirm.&#x20;

<figure><img src="/files/zX1CWjp0kEPpKEKR9AFh" alt=""><figcaption></figcaption></figure>

**Step 05:** A success message will appear on the screen indicating that the transaction has been completed.&#x20;

**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.

<figure><img src="/files/Pgyr7SAvqiSoL1wxpa89" alt=""><figcaption></figcaption></figure>

### 2.3 Claim rewards

Rewards for voter will be distribute at 0:00 UTC Thursdays every weeks. Claim here: <https://app.veplus.io/rewards>


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