# 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. \
\
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.