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Last updated 1 year ago

Value Reference

  • 1 KELL locked for 1 year = 0.25 veKELL.

  • 1 KELL locked for 2 years = 0.50 veKELL.

  • 1 KELL locked for 3 years = 0.75 veKELL.

  • 1 KELL locked for 4 years = 1.00 veKELL.

veKELL is an NFT encompassing the locked KELL. To vote for gauges and reap rewards like trading fees, bribes, and rebase, you require veKELL. Its value hinges on metrics such as the amount of locked KELL, duration of the lock, voteable emissions, price, and other factors. Being an NFT, veKELL can be transferred between wallets like any other NFT, but prior to that, you must reset the associated votes linked to the NFT.

For additional guidance, here is an explanation of each column in the table:

Column
Description.

Get veKELL

Create a new veKELL NFT.

Merge

Combine two distinct NFTs by merging the top one into the bottom one.

KELL Supply Locked

Amount of Locked KELL / %.

Total Value Locked

worth of your veKELL NFT's.

Total Voting Power

total vote amount of your veKELL NFT´s at the current time.

ID + Status

  • Votes not casted

  • Votes casted

  • Reset

  • No votes

The NFT ID of each veKELL + Vote Status.

  • Voted in the previous epoch, votes carried over for now.

  • Voted in the current epoch.

  • NFT is reset and are not able to vote in the current epoch.

  • The NFT has never voted before, vote close to the flip.

Locked Amount

The amount of KELL locked inside each veKELL.

Voting Power

current voting power of each veKELL.

Voting For

Visbile Gauges for which each NFT had voted in the previous epoch.

Expiry Date

The date upon which each veKELL expires.

Manage Your Locks

  • Add KELL Increase the amount of KELL locked in a veKELL to increase voting power.

  • Extend Ensure that your locks don't unintentionally expire by extending their duration regularly, either weekly or monthly, based on your initially selected locking period. This practice will also ensure that your voting power remains at its maximum capacity consistently.

  • Transfer Transfer the NFT between wallets as you would with any other NFT, but be sure to reset your votes before initiating the transfer.

  • Reset Use the Reset Votes button when you need to transfer, merge (only the top NFT in this process), or withdraw an expired lock.

  • Withdraw This option is only visible for expired locks. Make sure to reset your votes before withdrawing.

Note: Exercise extreme caution when transferring veKELL, restricting transfers exclusively to user-controlled wallets for heightened security.

If your lock is expired, you can withdraw your KELL from it. However, before proceeding, two crucial steps must be completed:

  1. Claim all the rewards associated to the expired veKELL. Please perform it proactively before expiration to prevent any issues.

  2. Reset the Votes associated to the expired veKELL.