vePT is an on-chain, non-transferable ERC20 governance token that grants users exclusive voting rights in the PhemexDAO. It is obtained by staking PT for any period of time between 1 month and 2 years. vePT holders have exclusive voting rights in the PhemexDAO so they can actively engage in the decentralized governance of Phemex and make decisions regarding the platform's treasury. vePT holders also enjoy staking yields and trading reward boosts in the form of PT.
Key Attribute
Value Proposition
Governance Rights
vePT holders have exclusive governance rights within the PhemexDAO
vePT obtained from staking PT is time-locked for the staking period
Propose & vote in the PhemexDAO; Staking yields; Trading reward boosts; Trading fee discounts; Exclusive launchpad & launchpool access
PT can be staked for any period of time between 1 month and 2 years to acquire vePT. Sample thresholds shown below:
Staking Period of 1 PT
vePT Received
1 month
3 months
6 months
1 year
2 years
Last modified 6d ago