> For the complete documentation index, see [llms.txt](https://phemex.gitbook.io/phemex-web3-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-token/vept.md).

# 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>


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