Locking YB

Locking YB for veYB gives you governance voting power (which decays over time) and access to gauge voting to direct emissions.

Each address can have only one locked position. You will receive an NFT representing your lock.

Lock Duration: Lock time is up to 4 years, rounded to the nearest week. There is also an “infinite” mode that automatically extends your lock, shown in the UI as the maximum setting.

Voting Power: The longer you lock, the more voting power you receive. A 4-year lock gives you maximum voting power, while shorter locks provide proportionally less.

How to Lock

1. Go to the Lock YB page and select the Lock YB tab.
2. Enter the amount of YB to lock.
3. Pick the lock end date, or click MAX to set a max lock.
4. Confirm. Your wallet will now hold a veYB NFT tied to your address.

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Managing Your Lock

If you already have an existing lock, you can manage it in the following ways:

Locking More YB

You can add more YB to an existing lock without affecting the lock duration.

To lock more YB:

1. Go to the Lock YB interface.
2. Select the “Increase Amount” option.
3. Enter the additional YB amount.
4. Confirm the transaction.

todo: will the new YB be locked until your current lock expires, or can you lock more and extend the lock duration at the same time?

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Extending Lock Duration

You can extend your lock duration at any time, up to the maximum 4-year limit.

To extend your lock:

1. Navigate to the Lock YB page and switch to the Extend Lock tab.
2. Select your existing lock.
3. Choose the “Extend Time” option.
4. Set your new end date.
5. Confirm the transaction.

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Withdrawing Unlocked YB

You cannot withdraw YB tokens before your lock ends.

Once your lock expires, you can withdraw your YB tokens.

To withdraw:

1. Navigate to the Lock YB page and switch to the Withdraw YB tab.
2. Click Withdraw YB and confirm the transaction.
3. The withdrawn YB tokens will be sent to your wallet.

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Transferring a veYB Lock (NFT)

todo