$vTBDAO : Voting power
Last updated
Last updated
You can stake and lock your $TBDAO for the duration of your choice. In return, you will receive $vTBDAO, a non-transferable token that represents your voting power.
The amount of $vTBDAO received is directly proportional to both the staking duration and the amount of $TBDAO staked. It follows a simple formula:
y $TBDAO staked × z days locked = y × z $vTBDAO received.
The longer you stake and the more you stake, the greater your $vTBDAO allocation.
For example: if you stake 10 $TBDAO for 1 year, you will receive 3650 $vTBDAO.
The maximum locking duration is set at 1000 days.
Withdrawing your staked $TBDAO during a locking period incurs a penalty of 50% of the staked $TBDAO. This penalty will be directly transferred to TheBestDAO's treasury.