# veJVP

Users lock $JVP and receive veJVP. veJVP can be used to vote. Users can choose the snapshot platform and its rules for voting. veJVP does not support transfer. 

When users lock $JVP, based on different lock times, the corresponding obtained weight is different, and the final obtained veJVP is also different. 

**veJVP calculation formula:**

*init\_vejvp = stake\_amount \* weight k = init\_vejvp / t\_end veJVP = init\_vejvp - MAX(t\_now - t\_start, 0) \* k*

**Multiple locks are supported. When locked multiple times, the slope will be adjusted:**

*k = (vejvp + new\_init\_vejvp) / ((t\_end - t\_now) + (new\_t\_end - new\_t\_start))*

<figure><img src="/files/DIC1ybU1qZPjP1xfYnVx" alt=""><figcaption></figcaption></figure>

veJVP will be the most at the moment of locking, and as time increases, veJVP will decrease linearly. If 100 veJVPs are obtained at the time of lock-up, the lock-up period will be two years. Then in the first year, the user will only have 50 veJVPs left. When the two-year period expires, it will be 0.

<figure><img src="/files/GznL7nkKPLThJZPN2gS9" alt=""><figcaption></figcaption></figure>


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