🔓Step 5: Set up Your Lock Phase
Last updated
Last updated
Next, choose whether you want your project to have a Lock Phase, and if so, for how long. During this phase, participants have the option to lock up their tokens for an additional period of time after the launch. In return, they receive enhanced rewards based on how long they choose to lock up their tokens.
You may select the length of time that this locking opportunity is available to your participants: from 1 to 10 days.
You may also determine how long your participants can lock up their tokens in liquidity, and what type of rewards they will receive for doing so.
In the example below, participants have 10 days from the close of the Deposit Phase to choose whether to lock up their tokens.
Note that if users choose to lock up their tokens in this example, they may do so for anywhere between 30 days (for a 2x return), or a full year (for a 10x return).