🔒Lock
Lock ANGLE and get veANGLE with the Angle App
ANGLE holders can lock their tokens between 1 week and 4 years to obtain veANGLE, granting them voting power in our governance system, boost on rewards for some staking contracts, and a share of the interest generated by the protocol.
Before locking ANGLE, make sure you read all the details about veANGLE and locking here. Remember that the veANGLE tokens you'll get are non-transferable (you won't be able to sell it) and that you will not be able to get back your ANGLE tokens during the period for which you have locked them.
You can get ANGLE tokens by buying them from any other crypto-asset on this page of the app.
ANGLE tokens can be locked on the Lock page.
Creating a lock
To create a lock, head over to the bottom right corner of the screen. There, an expiration date and quantity of tokens need to be specified.
The more ANGLE you lock and the longer you lock them, the bigger your veANGLE balance will be, and hence the bigger your influence in the Angle protocol.
Then, two transactions are needed:
First transaction is to approve the contract. This transaction is needed to allow the veANGLE contract to use your ANGLE tokens.
Second transaction is to create the lock with the specified amount of tokens and the desired duration.
After executing this, you'll be owning veANGLE tokens. Your veANGLE balance will decrease over time to go to 0 when your lock is expired.
You will only be able to create a lock with your address once. Once an address initiates a lock, it can only increase the lock expiration, or add tokens to the lock.
Increasing the lock or adding tokens
Once your lock has been created, to extend the lock expiration or add tokens, just click on one of the two buttons and choose a new expiration date (up to 4 years from now) or a quantity of tokens to add.
Locking ANGLE before staking
One particularity of the gauge system is that the staking contracts can’t fetch the veANGLE balance of stakers in real time. Therefore, this information needs to be updated once in a while by the staking contracts. This happens at checkpoints, when users stake, unstake, or claim rewards from the gauge.
In practice, this means that it’s better to lock ANGLE into veANGLE (or increase/extending your lock) before staking in order for the boost to be applied directly. If not, claiming a tiny amount of rewards after staking will be needed to apply the boost.
To compute the balance of veANGLE needed to get the max boost on rewards depending on the quantity of tokens staked, there is a calculator on the Lock page.
Expired lock
Once your lock is expired, to get your ANGLE tokens back from the lock, you need to execute a transaction. This can be done by clicking on the Withdraw ANGLE button that'll be visible at this time on the lock page of the app.
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