Note: Voting cycles start every Thursday at 00:00 UTC and end the next Wednesday at 23:59 UTC.
Locking XCAL generates veXCAL, and how long you lock affects how much veXCAL you get in exchange.
After you lock, you receive a veNFT representing the veXCAL you've earned in exchange, as well as the time your XCAL has been locked.
See the table below for calculating the exchange rate for XCAL to veXCAL:
Locking time
veXCAL received for 1 XCAL
1 week
get 0.00479 veXCAL for 1 XCAL
2 weeks
get 0.00958 veXCAL for 1 XCAL
1 month
get 0.02054 veXCAL for 1 XCAL
3 months
get 0.06164 veXCAL for 1 XCAL
6 months
get 0.12328 veXCAL for 1 XCAL
9 months
get 0.18493 veXCAL for 1 XCAL
1 year
get 0.25000 veXCAL for 1 XCAL
1.5 years
get 0.36986 veXCAL for 1 XCAL
2 years
get 0.50000 veXCAL for 1 XCAL
3.69 years
get 1 veXCAL for 1 XCAL

Why Lock?

When you lock and vote for a pool with your veNFT, you are rewarded with fees generated by that pool. When people swap, you earn fees as rewards. Locking also allows you to direct XCAL emissions to pools. By locking as a liquidity provider or protocol, your votes will direct emissions proportional to the amount of voting power held in locked XCAL in veNFTs.

How often will I need to lock XCAL?

That depends on your lock duration. If you lock for 1 week, you can claim your XCAL back, but you'll need to lock again if you want to continue earning fees and voting for pools.
Last modified 5mo ago