EYWA Locker Interface
EYWA Locker Interface Description
Last updated
EYWA Locker Interface Description
Last updated
EYWA Locker is a smart contract where token owners lock their EYWA project tokens for various durations. The purpose of such a lock is to obtain voting power for the project, expressed as veEYWA. With the same number of locked tokens, the user’s voting power will depend on how long they are locked for. The maximum lock duration is 3 years (156 weeks), granting the maximum ratio: 1 locked token = 1 vote. More details can be found here.
To get started with the CrossCurve application, go to the EYWA Locker page in the DAO section. Click Connect wallet, select a suitable wallet from the list, and confirm the connection, ensuring you are on the official page: https://app.crosscurve.fi/locker
After successfully connecting your wallet, to create a new EYWA token lock, click Create lock.
Enter the amount of tokens you want to lock in the Amount to lock field and select the lock duration using the slider in the Locking for field. The possible lock duration ranges from 0 to 156 weeks.
The maximum lock duration is 3 years (156 weeks), providing the highest ratio: 1 locked token = 1 vote. The minimum lock duration is 0 weeks (voting until the end of the current epoch). Locking for 1 week gives 1/156 of a vote: for example, locking 156 tokens for 1 week gives 1 vote. For more details, see the lock formula section. (ссылку вставить). In simple terms:
1 EYWA, locked for 3 years = 1 veEYWA
1 EYWA, locked for 2 years = 0.66(6) veEYWA
1 EYWA, locked for 1.5 years = 0.5 veEYWA
1 EYWA, locked for 1 year = 0.33(3) veEYWA
The longer you lock your EYWA, the greater your voting power (Voting Power), and thus the higher boost you can achieve. Voting power is expressed as the amount of veEYWA.
After entering the number of tokens to be locked and the lock duration, the You’ll get field will display the amount of voting power in veEYWA tokens you will receive. To create the lock, click Create lock and sign the transaction in your wallet. If you don’t have EYWA tokens in your wallet, use the direct Buy token link to purchase some.
After the on-chain transaction is successfully confirmed, detailed information about the existing locks will be displayed on the EYWA Locker page:
id - the ID number of the EYWA DAO NFT
Locked EYWA - the number of EYWA tokens in the EYWA DAO NFT safe
Unlock time - the next lock expiration date
veEYWA - the amount of voting power in veEYWA tokens for the selected lock
Staking APY - the APY yield for locking EYWA tokens (more info on staking APY can be found here)
Staking rewards - the amount of EYWA token rewards earned during the lock period
During the lock period, you can manage your accrued rewards and add EYWA tokens to the lock
To add accrued Staking rewards to the lock, click Compound and sign the transaction in your wallet. The EYWA tokens from Staking rewards will be added to the chosen lock for the same period as the existing lock (more details can be found here)
To add EYWA tokens to an existing lock, click Manage.
Information about the selected lock will be displayed:
Unlock at - the lock expiration date
Already locked - the number of EYWA tokens currently locked
You have - your voting power in veEYWA tokens
To add EYWA tokens to the lock, enter the amount in the Amount to compound field.
To update the lock duration, select Update time lock and set the new lock period using the slider.
After entering the amount and choosing the lock duration, the application will display the total number of locked EYWA tokens in the You lock field and the voting power in veEYWA tokens in the You’ll get field. To update the lock, click Update lock and confirm the transaction in your wallet.
After the lock period ends, the Unlock button will become available. To retrieve your EYWA tokens from the safe, click Unlock.
By confirming the unlocking, you withdraw all your EYWA tokens from the chosen safe. To continue, click OK and sign the transaction in your wallet.
