Vest
Note: Voting cycles start every Thursday at 00:00 UTC and end the next Wednesday at 23:59 UTC.
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 |
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.
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