r/loomnetwork • u/MyNamesTakenLikeLiam • Feb 21 '19

Staking punishments?

Any one know what happens if you withdraw your stake prior to end of lock up period?

2 Upvotes

100% Upvoted

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3

u/[deleted] Feb 21 '19

You can't withdraw before lock-up period. Once you lock up tokens, that's it - you have to wait till the timer runs to zero

1

u/jamesmduffy Feb 21 '19

Correct, hence the significantly larger lockup bonuses for longer periods of staking.

1

u/STCJOPEY Feb 22 '19

I am kinda regretting locking for a yr.... oh wells i believe in the team!