Last updated
Last updated
"Lock & GovEarn" is the coined term for the cycle any DeFi participant can undertake to establish and expand an additional income stream using Keller.
Stake in any LP to earn KELL emissions.
Lock KELL to get veKELL.
Use veKELL to vote for gauges and govern over the KELL emissions distribution.
Claim all your rewards:
Emissions = KELL.
Rebase = KELL.
Bribes = KELL, Stables, Blue Chips or Partner tokens (depending on how you vote).
Trading Fees = KELL, Stables, Blue Chips or Partner tokens (depending on how you vote).
Use the KELL earned to repeat STEP 1 and grow your veKELLs balances before voting again.
Engaging in this process will augment your voting power after each epoch, subsequently influencing the amount of rewards you will earn in the following epoch.
Make sure to participate in staking in any Liquidity Pool (LP) to secure KELL emissions.
This is generated through the flow of stablecoins, blue chips, and partner tokens that you'll earn by actively participating in governance each week.
Remember to cast your votes for LPs composed of these tokens to earn their trading fees or vote for those that offer bribes with them.
Since the inception of Solidly, and later with Velodrome as well, DeFi participants have devised various strategies to leverage the additional income stream generated by this model.
