Lock

The StakeStone governance system uses a vote-locking mechanism that allows veSTO holders to lock their tokens to gain voting power and additional benefits. This page explains how locking veSTO works, its benefits, and the process for participating in this core governance function.

Understanding veSTO Locking

After converting STO to veSTO, users must lock their veSTO to activate its voting capabilities and additional benefits. The locking mechanism serves several important purposes:

1. Ensuring Commitment: Requiring users to lock veSTO demonstrates commitment to the protocol's long-term health.

2. Preventing Governance Attacks: The locking period prevents short-term manipulation of governance decisions.

3. Aligning Incentives: By locking veSTO, StakeStone protocol rewards users who demonstrate greater commitment to the protocol.

Benefits of Locking veSTO

1. Governance Power: By locking veSTO, users can influence veSTO emissions as well as make community-driven decisions about platform fees and percentages of bribes burned.

2. Yield Boost: Locking veSTO grants holders instant access to yield boost benefits proportional to the amount of veSTO converted. A specific amount of veSTO can only boost a proportional amount of liquidity provided; if users' provided liquidity exceeds the proportional amount covered by their locked veSTO, the excess liquidity will not receive boosted yields. To maximize yield across all liquidity positions, users will need to lock sufficient veSTO.

Process

Users can lock their veSTO tokens by navigating to the DAO section of the StakeStone dApp and selecting the Lock tab, where users are able to see the voting power the locked veSTO represents. Unlocking veSTO does not require a vesting period and can be unlocked immediately.