# Managing pLP

## Overview

**Locked PVD pLPs** share 100% of protocol revenue. Locked **pLP** cannot be withdrawn prematurely. 

**Locked pLP (Provident Capital Liquidity)**

Borrowers and lenders that lock liquidity tokens (**pLP**) are interacting and providing utility to the platform and thus can capture the added value from the communities’ engagement through the native token, **PVD**. 

By locking **pLP**, ecosystem participants receive platform revenue from borrowing interest, flash loans, and liquidations that are claimable fees on the **Manage Provident** page.

**How to lock pLP**

Before locking pLP, create liquidity tokens on dex. Alternatively, you may [zap into dLP](https://provident-capital.gitbook.io/provident-capital/protocol-information/phase-2-token-generation-event/zapping-plp). 

To manually lock pLP, navigate to the **Manage Provident** page. Select the amount of pLP tokens to lock, and the lock length of one, three, six, or twelve months. Each length has a [corresponding multiplier](https://provident-capital.gitbook.io/provident-capital/protocol-information/provident-liquidity-plp#max-plp-locking-apr), based on a one-month lock (Locking for 12 months earns 25X platform revenue vs. one month!).

#### Additional Notes

* Locked pLP is subject to a binding variable lock time (1 month to 1 year), which cannot be unlocked early
* If you do not select a default lock length, the lock duration will default to 3 months
* Each lock period has a different multiplier, ranging from 1x to 25x, depending on the lock duration chosen
* Fees generated from locked pLP can be claimed anytime with no penalty
* You will continue to receive fees during the entire lock period
* Platform fees are distributed linearly over a 7-day period
* **pLP that is not locked will not receive platform revenue**