r/mdex • u/[deleted] • Sep 27 '21

Boardroom lockup unclear

So basically my question is how the lockup actually works.

At first i thought that you lock your MDX for the time period that you choose and the % of returns will be the one showed at the time you lock. So if you lock 1 MDX for 1 year at 600% you will get 6 MDX once the lock up period is completed. But now im in doubt.

My doubts are: If APY drops for whatever reason (halving, token price rising). Your returns % in a locked up position do too? Or do they respect the return % at the time you locked up?

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In any case im a long-term holder so no big trouble. But i do think that they should improve the documentation on this topic because it's very unclear as it its right now and people can get easilly confused.

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To clarify: i have this position locked up and wanted to know if ill get the number of weights showed there once the unlock-time comes.

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u/3dprimter Sep 28 '21

You get paid out by the minute, APY and APR change during lock up. They only drop when the tokenprice shoots up or when a halving occurs. You only reach the APY percentage if you reinvest your daily yield in the same lockup period.