$LOCK
Last updated
Last updated
$LOCK is SOLOCKER's native governance token. It is an integral part of SOLOCKER's ecosystem, and can be used by token holders to earn a percentage of fees accrued on the protocol. '
Staking
Staking $LOCK allows you earn yield on transfer fees from SOLOCKER protocol revenues. For project founders, minting and vesting services get a discounted percentage depending on the # of tokens staked.
Boosting
On specific staking pools, use $LOCK to boost your staking weight to earn additional yield equivalent to your percentage staked.
Staking for Teams
For project founders and dev teams, staking your tokens will allow you to not only to earn fees from $LOCK staked LP pools, but also get a discounts on deployment when locking LP or creating vesting schedules. Teams that have $LOCK actively staked will be able to generate real-time dashboards on their vesting schedules
Fees generated from transactions are rewarded to token holders staking $LOCK on the SOLOCKER ecosystem. The more $LOCK you have staked, the larger amount that you get back in rewards from SOLOCKER's liquidity pools. When staking $LOCK, your tokens get safely locked away into an LP pool; unlike other protocols, there is no minimum time limit to stake your $LOCK, but the longer you have your tokens stake, the more rewards you will be able to accrue. Staking Rewards % is dependent on the total amount of $LOCK staked in our staking pools and the amount $LOCK that you have staked from your wallet(s).
To withdraw your tokens and claim any rewards, connect to the dApp with your wallet and clicking on the withdraw menu; this process will be identical to retrieving locked liquidity in .
When you stake lock, not only do you resceive rewards from transaction fees but you also earn discounts on any services the protocol offers. The more $LOCK you have staked, the greater the discount you receive.
1
100,000
$1000
0%
2
150,000
$1500
0%
3
300,000
$3000
15%
4
600,000
$6000
30%
5
900,000
$9000
50%
6
1,200,000
$12,000
80%
These discounts extend to additional services planned in SOLOCKER's second phase, such as features included in our proprietary Telegram bot and its SOLOCKER trending service.