XBE holders have the choice between locking up their XBE (to get maximum possible yield) or to stake their XBE. Users are able to choose between multiple lockup periods. The minimum lockup being 1 week (1% Boost level) with each consecutive lockup increasing in increments of 4 weeks (4% Boost levels), namely:
- Staking only (Min Boost)
- 1 Week (1% Boost)
- 4 Weeks (4% Boost)
- 8 Weeks (8% Boost)
- 92 Weeks (92% Boost)
- 96 Weeks (96% boost)
- 100 Weeks (Max Boost)
XBE users will need to stake their tokens first before they can lockup. Users who choose to stake only will receive their proportional share of protocol fees and staking rewards for the duration of their staking period. These users will be at minimum boost and will NOT be eligible for the 5,000 bonus lockup rewards. Once users have staked their XBE, they have the choice to lockup their XBE in the locker contract to receive a higher yield. The longer you choose to lock up, the more veXBE you will receive and the higher your boost will be.
An easy way to understand it is that if you stake your XBE, you will earn your proportional share of rewards at the minimum earning rate, otherwise known as minimum boost. If you lock up your staked XBE for a short period of time (e.g. 1 Week), you will start earning at a slightly increased rate which will decrease proportionally back to the minimum boost over the course of your lockup period. If you lock your tokens up for longer (e.g. 4 Weeks ), you will earn at an increased rate that will STILL decrease proportionally over time as your lockup date approaches.
If you decide to lockup for the full duration (100 weeks) WITHIN the first 30 days of launch, you will start earning at the maximum earning rate (maximum boost) which will NOT decrease proportionally back to the minimum boost as your lock up expires. By locking up for the max term within the first 30 days, you will ALSO receive your proportional share of 5,000 Bonus XBE (minted after 18 months and distributed over 6 months).
However, if you lockup your XBE for the full duration (100 weeks) AFTER the first 30 days of launch, you will be earning at maximum boost which WILL decrease proportionally over time as you unlock date approaches. If you missed the initial 30 day BONUS window, you will still be able to maintain max boost over time by simply increasing your lockup to the desired boost levels.
(NB*) Only users who have locked up for the full term during the first 30 days will NOT experience any boost decrease.
All XBE Rewards earned from staking and locking up are claimable directly to your wallet!