PsyFi Documentation
  • Welcome to PsyFi
    • Why use PsyFi?
    • PsyFi Product Suite
    • PsyVaults - Vaults Product
      • 🏗️Covered Calls & Secured Puts Vaults Architecture
      • 📶Leveraged Strategy Vaults (Call Spreads & Put Spreads) - Currently Paused
      • 💹Market Making Vaults - Currently Paused
      • 📚PsyVaults Resources
        • PsyFi Vault Contracts
      • 👩‍🏫PsyVaults Tutorials
        • 💵Weekly Bidding on V2 Vaults
        • 💰PsyVault Rewards
          • Auto-Deposit into PsyLend to Earn Rewards
          • Understanding Staking Rewards
          • Boosting your Staking Rewards
      • ❓PsyVaults FAQs
    • PsyLend - Structured Products Lending
      • 👩‍🎓Tutorials - Supplying & Borrowing
      • 🎰Supply & Interest Rate Calculations
      • 🅿️Lending Parameters
      • ⚒️Liquidations
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      • *️Risks & Insurance Fund
      • PsyLend FAQs
      • PsyLend Glossary
  • PsyFi DAO Audits
    • Audits
  • Build with PsyFi
    • Options Protocol
      • American Style Options
      • Tokenized European Style Options
      • Under-Collateralized European Style Options
      • PsyOptions FAQ
    • Fusion - Airdropping Options - Deprecated
      • 👩‍🏫Fusion Tutorials
        • Users: Option Rewards and What You Can Do With Them
        • Users: Claiming Airdrops Through Fusion
    • Developers
      • Program Integration
      • Client Integration
        • Namespace: instructions
        • Namespace: serumInstructions
        • Namespace: serum utils
        • Enumeration: ClusterName
        • Enumeration: ProgramVersions
        • Class: Validation
      • PsyFi DAO Contributor Support
    • Designers
      • Logos
      • Fonts
  • Options Education
    • Styles of Options
    • Calls & Puts
    • Option Strategies
    • Glossary
  • PSY Token & DAO
    • PSY Tokenomics
      • PSY Token Unlock Schedule
    • Governance Infrastructure & Tokenomics
    • Governance Parameters
    • PSY 2.0: PSY Stake and DeMux Overview [RFC]
    • Governance Tutorials
      • Governance Overview & Walkthrough
      • Initializing a Proposal Using Poseidon [RFC]
      • PsyOptions Protocol Governance Actions
      • Voter Stake Registry Set Up
        • How to Lock Your Own Tokens
        • How to Propose Issuing Locked Tokens
        • How to Propose Clawing Back Granted Tokens
      • PSY 2.0 - How to Stake Your PSY to Start Participating in PSY 2.0 Governance
      • PSY 2.0 - How to Claim Rewards For Staked PSY
      • PSY 2.0 - How to Setup a RewardPool
      • PSY 2.0 - How to perform DeMuX Actions on Reward Pools [RFC]
      • PSY 2.0 - How to view tokens that are sent to DeMux [RFC]
    • Governance FAQ
      • 🐛PSY DAO Bug Bounty
    • Poseidon [RFC]
    • PsyFi DAO Contributors
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On this page
  1. PSY Token & DAO
  2. Governance Tutorials
  3. Voter Stake Registry Set Up

How to Lock Your Own Tokens

PreviousVoter Stake Registry Set UpNextHow to Propose Issuing Locked Tokens

Last updated 2 years ago

Step One: Go to view your account on

Step Two: Deposit your tokens.

Step Three: Click "View" in the right hand corner of the "Your Account" section of the page. See the image under Step One.

Step Four: To lock your tokens, click "Lock Tokens".

Step Five: Select the "Lockup Type", the amount of tokens to lock, and the duration of the lockup.

There are two lockup types: "Cliff" and "Constant". You may have heard the term "Cliff" before when discussing investor, or team token lockup schedules.

Example: "The Team's token allocation is vested for four years with a one year Cliff."

Step Six: After setting your lockup schedule, and clicking "Lock Tokens" you will now be able to see information regarding your lockups from the Account page.

If you selected "Constant" Lockup, you may be wondering why you have to change it to "Cliff" to start the unlock! See the image above.

Given the current structure of the PsyFi DAO, we have no need for that use case, BUT it can be useful if:

  • The DAO has a configuration where tokens locked for X years have a Y multiple of voting power (where Y is grater than 1). Example: if your tokens are locked for 4 years you get a 4x multiplier.

  • The token holder isn't planning on selling tokens, and really wants to keep that multiplier. If the token holder chose a 4 year cliff the lock up time starts slowly decreasing. On day 0 they would have ~4x multiple voting power, but after 2 years they would only have a 2x multiple. The constant lock up is best for holders who are looking to keep a constant voting multiple. Then when they want to start the unlock period they can convert to cliff, and start the 4 year countdown.

This means that no tokens are unlocked for the first year of the vesting schedule. Then after one year, 25% of the vested amount are unlocked. After the Cliff ends, the remaining vested tokens are unlocked at a Constant rate each month until the end of the vesting schedule. For an example using the PSY Token Unlock Schedule, see our page on the matter

here.
Realms.