Locker is a place where users can lock their WASABI to receive veWASABI. The longer they lock for, the more veWASABI they receive. Locking allows you to vote in governance, boost your WASABI rewards, receive trading fees and earn from penalty.
What is the Boost?
When locking WASABI, you will also earn a boost on your provided liquidity of up to 2.5x. The goal is to incentivize users to participate in governance by rewarding them with a bigger share of the daily WASABI rewards(inflation).
How to receive fees?
The locker receives trading feesas well as the WASABI penalty revenuefrom people who Exit the reward pool early (before the end of the 3 month vesting). The staking pool has no mandatory lock-up.
What is veWASABI?
veWASABI stands for voting escrow WASABI. They are your WASABI locked for voting. The longer you lock your WASABI for, the more voting power you have (and the bigger boost you can reach). You can vote lock 100 WASABI for a year to have a 25 veWASABI weight. Each WASABI locked for four years is equal to 1 veWASABI.
The number of veWASABI you will receive depends on how long you lock your $WASABI for. The minimum locking time is one week and the maximum locking time is four years.
Your veWASABI weight gradually decreases as your escrowed tokens approach their lock expiry.
How is the boost calculated?
To reach your maximum boost of 2.5x, there are several parameters to take into consideration.