# vlEQB

Currently, you need to lock EQB/xEQB to vlEQB to share in protocol fees and acquire voting power.

The amount of vlEQB you can receive is correlated with the lock period which in turn varies from 1 to 52 weeks.

Assuming the lock period is w weeks, the formula to calculate vIEQB is:

*Receiving vlEQB = w * EQB*

The amount of vlEQB is the weight for sharing the lock reward and voting power. It will decrease by 1 every week that passes. By the time it can be claimed, the vlEQB will decrease to 0. But users can extend the lock period anytime to re-achieve the maximal vlEQB.

Currently, weeks are calculated from Thursday at 00:00 UTC +0 to the following Wednesday at 23:59 UTC +0. If anyone locks their funds before Thursday at 00:00 UTC+0, they will have to wait for a bootstrapping period till Thursday. During the bootstrapping period, the vlEQB balance won't be updated with a new lock. This means the vlEQB will be ready after the bootstrapping period.

Here is an example to illustrate how this works.

*Bob locks 100 EQBs for 5 weeks, and Alice locks 10 EQBs for 50 weeks.*

*According to the formula above, Bob receives 5100 = 500 vlEQB while Alice receives 5010 = 500 vlEQB. If there is a $100 reward, they will receive $50 for each. Plus, they will have the same voting power.*

*If Bob has 500 vlEQB balance and locks another 300 EQB for 10 weeks on, let’s say, a Tuesday, he will only have 500 vlEQB balance before Thursday 00:00 UTC +0. After Thursday, he will have 400 + 30010 = 3400 vlEQB. Because 500 vlEQB has passed one week, it will decrease to 4100 = 400 vlEQB.*

A few key points:

The protocol fee reward will be paid out in the form of ePENDLE. Every user can lock multiple times.

The locks will be merged if they have the same expiry time.

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