Introducing Basic Lock & Lock Plus!

As many Adamant users can remember, our original lock feature allowed users to lock ADDY and in return, earn performance fees in WMATIC and ADDY from those withdrawing early from the vesting schedule. These ADDY earned were available for withdrawal immediately.

The boosted contract introduced a few months back still earns ADDY, but rather than being readily available for withdrawal, it is autocompounded into the boosted lock contract. As well, this new boosted lock earns extra ADDY from the Furnace and our buyback program.

Many users have mentioned how they’d like to have access to their earned ADDY immediately so we’re introducing the Basic Lock as a nice middle-ground for those interested in locking. (The current boosted lock will be renamed to “Lock Plus” and still be available for new locks.)

The Basic Lock

How is the Basic Lock different than Lock Plus?

  • DOES NOT earn ADDY from ADDY buybacks
  • DOES NOT earn ADDY from the Furnace
  • DOES NOT autocompound your ADDY rewards
  • DOES earn WMATIC rewards
  • DOES earn ADDY from the early withdrawal penalty

Boosting and the Basic Lock:

  • Boost points have a 50% multiplier compared to the Lock Plus (i.e. you’ll need twice as many ADDY locked in the Basic Lock to get the same number of boost points in the Lock Plus)
  • Max boost of 100% - the same as Lock Plus

Lock Plus

Those in the current boosted lock will not be able to move to the “Basic Lock” until their lock period has expired. If you are in the current boosted lock you do not need to do anything to continue receiving its benefits.

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