Vote-locking APY Tokens and earning a boost
If passed, this proposal will result in allowing users to lock APY tokens for a set time period to gain a boost to their APY token liquidity mining rewards.
Vote-locking can be powered by the following incentives and parameters:
- Lock for 1 week, 1 month, 3months, 6 months, 1 year, or 4 years to receive vlAPY
- The longer the lock, the more vlAPY received, the greater the boost
- 4 year lock receives the maximum 1:1 ratio of APY to vlAPY
- Boost only applies to APY token yield, not base yield from strategies
- Vote-locked APY (vlAPY) can still be used to vote in governance
- Boost weight calculated with:
Yes
A Vote-locking option will be added to the APY.Finance platform and vote locked APY will receive a boost for the period of the lock time
No
No action will be taken