> For the complete documentation index, see [llms.txt](https://docs.lpeth.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lpeth.xyz/governance/voting-escrow.md).

# Voting Escrow

Participating in governance and earning bribes and other potential incentives, requires an account to have locked their liquidity pool tokens, lpETH. Users can choose a lockup between 1 week and 52 weeks, with improved rewards and more voting weight for longer lockups. \
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Voting weight resulting from the locked "lpETH" is represented as "veLpETH". A non-transferrable ERC20 token of which the balance decays over time. VeTokens are both used for voting but also value-accrual, meaning the longer your remaining lockup the higher your voting weight but also the higher your share of any incentive pool.

### Dual Governance

Once the governance token goes live, governance will be subject to dual governance, where both lpETH or the governance token can be used.