> For the complete documentation index, see [llms.txt](https://docs.hope.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hope.money/lt-light-token/earning-gov-fees.md). # Earning Gov Fees 50% of all fees generated by HOPE Ecosystem, defined as Gov Fees, are distributed to veLT holders to incentivize their participation in the governance process. ## Fee Distribution Gov fees will be collected periodically, converted to $stHOPE through a "[burning process](/lt-light-token/earning-gov-fees.md#burning-process)", and then distributed to veLT holders. The distribution is calculated based on the amount of veLT they hold and their voting participation using veLT during each voting epoch. For each distribution: 1. 50% of gov fees are distributed to all veLT holders proportionately. 2. 50% of gov fees are distributed to the veLT holders who vote for liquidity gauges, based on the voting results for each voting epoch involved between two distributions. ## Burning process When the burning process is triggered, a smart contract collects trading fees from all the pool contracts. Those fees come in the form of different stable coins or tokens. The fee tokens are swapped to $HOPE, which are then converted to $stHOPE before they can be claimed. Finally, the burner creates a checkpoint which updates all the claimable balance of each veLT holder. Burning is an expensive process, as it involves many complex transactions, but anyone can trigger the process whenever they wish if they are willing to pay for it. ## Claiming your fees Users who hold veLT can claim fees as often as possible, but fees will only be converted into $stHOPE once a week. Fees may only be claimed for the week that has already passed, because the burner does not know how much everyone is entitled to before the end of the voting epoch. Fees will be available on a weekly basis within 24 hours after 00:00 Thursday UTC, as long as someone (usually the HOPE team) has initiated the burning process prior to that. To claim your fees, please visit portfolio page: [https://app.hope.money/#/portfolio ]() There is a delay before you can first claim your $HOPE after locking $LT. It takes 8 days from the Thursday after which you lock before you can claim. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.hope.money/lt-light-token/earning-gov-fees.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.