New Function added to SwapAll — Stake Pool Lockup Acceleration on APP and Layer 2
After SwapAll launched the lockup acceleration function for liquidity pools in May, the development team worked non-stop and finally brought out to all users the lockup acceleration function for stake pools in this week’s update. The following are the details of the function:
Each stake pool can be configured to enable/disable the lockup acceleration function:
When it is not enabled, everything remains as it is,
When it is enabled, users can lock up their staking (can be unlocked after 60 days). Once locked, the locked tokens will immediately start farming at triple the speed.
There are two types of lockup configurations:
One is to lock the position for the staked tokens,
The second is directly locking up when staking the tokens, only in one step.
Once locked, the tokens selected to be locked cannot be unstaked (it can be unlocked after 60 days).
Users can view and unlock their own locked positions on the “My Locked/Total Staking > Stake Pool Lockers” page. When unlocking, users can choose to unlock all the tokens, or to unlock a portion of the tokens.
“Unlock All” function is provided, users can unlock all unlockable tokens with one tap.
APP Entrance
The minimum APY of the pools with the lockup function enabled is 1x, and the maximum is 3.6x (maximum lockup acceleration rate * maximum NFT acceleration rate = 3 * 1.2). If not enabled, the rate can still be 1～1.2x (the maximum NFT acceleration is 1.2).
L2 Entrance
The minimum APY of the pools with the lockup function enabled is 1x, and the maximum is 3x.
For pools with lockup function enabled, each user will have their own APY, which is obtained by calculating the lockup ratio and NFT acceleration.
There will be two new categories added to the history of the stake pools: locked and unlocked.
The stake pool of SHIH and the liquidity pool of the algorithmic stable coin SATO are in full swing. There are now more opportunities for triple-speed farming. Come to SwapAll for lossless earnings!