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The Vault

The Vault is a veToken vault inspired by veCRV by Curve Finance. Here are the key features and functionalit

Key Features

  • Locking Mechanism: Allows users to lock their tokens for a predefined period to earn rewards.

  • Voting Power: Provides users with voting power proportional to their locked tokens.

  • Rewards Distribution: Distributes rewards to users based on their participation.

How to Use The Vault 1. Locking Your Tokens

Purpose: Lock your tokens in The Vault to earn rewards and gain voting power.

How to Use:

  • Decide how many tokens you want to lock.

  • Choose how long you want to lock them up for.

  • Sit back, relax, and watch the magic happen.

Example:

Imagine you're locking your tokens in a treasure chest for 3 months.
- You say, "Lock 1000 tokens!"
- The chest closes for 3 months.
- Meanwhile you earn rewards regularly 
- After a year, you open the chest and see shiny rewards.

2. Unlocking Your Tokens

  • The time's up! Time to unlock your tokens.

  • Select unlock to burn veGMBee tokens and get your deposited GMB back.

How to Use:

Purpose: Unlock your tokens after the locking period is over.

Example:

You’ve waited patiently for 365 days. Now, you can say, "Unlock my 10000 tokens!"
- The chest opens, and your tokens are free.

3. Claiming Your Rewards

Purpose: Claim the rewards you have earned while your tokens were locked.

How to Use:

  • It’s reward time! Goodies get distributed directly to you. No action required.

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Last updated 11 months ago

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