# veGPT

To earn the protocol income or vote on the SHITDAO, users need to stake their $SGPT token to get veGPT token.

Holders of $sGPT can participate in voting on community proposal as well as participate in [smap](https://www.smap.ai/) activity to get extra reward.

Participating in SHIT DAO governance requires that an account have a balance of vote-escrowed SHIT (veGPT). veGPT is a non-standard ERC20 implementation, used within the Snapshot to determine each account’s voting power.

veGPT is represented by the VotingEscrow contract, deployed to the Ethereum mainnet at: TBD.

veGPT cannot be transferred. The only way to obtain veGPT is by locking $sGPT. The maximum lock time is four years. One $sGPT locked for four years provides an initial balance of one $veGPT.

A user’s veGPT balance decays linearly as the remaining time until the SHIT unlock decreases. For example, a balance of 4000 $sGPT locked for one year provides the same amount of $veGPT as 2000 $sGPT locked for two years, or 1000 $sGPT locked for four years.

The max Lockup period is 4 years. The formula is outlined below.

MAXTIME = 4 \* 365 \* 86400\
unlock\_time < (block\_time + MAXTIME) veGPT\_amount = sGPT\_locked\_amount / MAXTIME \* (unlock\_time - block\_time)