veXB3 & Boost
XB3 can be locked between 4 and 100 weeks to receive veXB3. The longer a user locks for, the more veXB3 they will receive, and the higher their boost will be. veXB3 grants the user voting rights over protocol proposals in addition to earning boosted protocol & product revenue. It is noteworthy to mention that veXB3 holders earn ALL protocol revenue (in their base assets) from all of the available and future products.
Therefore, veXB3 holders earn:
- $CRV, $CVX and $XB3 from the Hive, and all unallocated referral rewards
- Additional $XB3 staking rewards, and
- All fees from future product offerings (eg. XB3 Custody)
Additionally, veXB3 holders can:
- Vote on all protocol and app proposals
- Implicitly boost Hive and Protocol rewards
Users can lock their XB3 between 4 and 100 weeks. The longer a user locks for, the more veXB3 they will receive and the higher their boost will be on Hive & Protocol revenue.
For guides on locking - see here
It is important to note that as with the veCRV model, veXB3 also degrades as your lockup period expires. This applies to both Bonus Campaign participants and non-Bonus Campaign participants.
Boost on the other hand, can vary. Users who are a part of the XB3 Bonus Campaign will have maximum boost for the entire campaign, and this boost will not degrade as your lockup period expires. Contrary to this; Non-Bonus Campaign participants will have their boost degrade as their lockup period expires.
The higher a user's boost, the larger the user's share of protocol and product revenue. If a user locks their XB3 tokens for the full term within the first two months of launch, the user will qualify for the XB3 Bonus Campaign and this user's boost will NOT degrade as their lockup period expires.
Any full term lock made after the two month mark, or any lock made for less than full term, WILL have their boost degrade as their lockup period expires.