# vePT

vePT is an non-transferable, governance token on the Optimism (OP) network 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.

<table data-header-hidden><thead><tr><th width="220"></th><th></th></tr></thead><tbody><tr><td><strong>Key Attribute</strong></td><td><strong>Value Proposition</strong></td></tr><tr><td>Governance Rights</td><td>vePT holders have exclusive governance rights within the PhemexDAO</td></tr><tr><td>Time-locked</td><td>vePT obtained from staking PT is time-locked for the staking period</td></tr><tr><td>Usability</td><td>Propose &#x26; vote in the PhemexDAO; Staking yields; Trading reward boosts; Trading fee discounts; Exclusive launchpad &#x26; launchpool access</td></tr></tbody></table>

PT can be staked for any period of time between 1 month and 2 years to acquire vePT. Sample thresholds shown below:

<table data-header-hidden><thead><tr><th width="344"></th><th></th></tr></thead><tbody><tr><td><strong>Staking Period of 1 PT</strong></td><td><strong>vePT Received</strong></td></tr><tr><td>1 month</td><td>0.042</td></tr><tr><td>3 months</td><td>0.125</td></tr><tr><td>6 months</td><td>0.25</td></tr><tr><td>1 year</td><td>0.5</td></tr><tr><td>2 years</td><td>1</td></tr></tbody></table>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-token/vept.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.