# Locking

EPX holders can lock their EPX to receive vlEPX. The longer you lock EPX, the more vlEPX you'll receive. vlEPX allows users on Ellipsis 2.0 to:

* Vote on incentive distribution between pools;
* Receive platform fees;
* Boosting EPX rewards;
* And nominate new pools for a vote towards receiving EPX rewards.

Some things to note:

* Users can have multiple locks per account.
* Lockers *do not* have to vote. Lockers can claim platform fees even if they do not vote.
* Ellipsis 2.0 works in a week long epoch, starting at 00:00 Thursday, UTC, every week. This means that every week your lock declines by one week and voting starts anew.
* Locker rewards are paid out from the previous week's fees. Every Thursday a new balance of fees streams out to users who were locked during that previous week. 

### Locking EPX

Locks can last from 1 to 52 weeks; longer locks mean more vote weight and a higher share of fees.

![Lock EPX to receive vlEPX](https://773870451-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MWEG9Y-0zXwJZ1ijdfA%2Fuploads%2FKflfl0e6pboNBoiaBzX7%2Fimage.png?alt=media\&token=70e4d214-ee0e-4506-8a06-30e9648d4432)

Important things to know about locks:

1. Locks that are less than 52 weeks can be extended to the 52-week maximum. 
2. Expired EPX locks must be claimed before you can withdraw your EPX. Released EPX is then streamed out over a period of 7 days. During those 7 days released EPX can be claimed at any time.