vePEACE Intro

PEACE Lock-up Mechanism

vePEACE is a certificate obtained after $PEACE is locked, and vePEACE holders can participate in $PUST mining and Port governance. You can choose the lockup period from 30 days to 365 days, and get up to 3 times the reward bonus.

If you lock 100 PEACE for 365 days, you will get 300 vePEACE.

As the lock-up expires, the balance of vePEACE will decrease linearly. When the remaining lock-up time is zero, each PEACE is approximately equal to 1 vePEACE. This will incentivize long-term PEACE holders and promote the activity of the PEACE community.

PEACE Lock-up Rule

Holders can choose from 30 days to 365 days to lock up their positions, and can get up to 3x vePEACE. The formula for calculating the amount of vePEACE obtained by locking up PEACE is as follows:

$vePEACE_{receive} = PEACE_{locked} *（1 + \dfrac {X Days_{locked}*(3-1)}{365 Days}）$

$vePEACE_{receive}$ is the amount of vePEACE received

$PEACE_{locked}$ is the amount of PEACE locked-up

$X Days_{locked}$ is the lock-up days of PEACE

In summary, the amount of vePEACE that can be obtained with 10,000 PEACE locked-up for 30 to 365 days are:

• 10,000 PEACE locked-up for 30 days will get 11,643.8356 vePEACE

• 10,000 PEACE locked-up for 60 days will get 13,287.6712 vePEACE

• 10,000 PEACE locked-up for 90 days will get 14,931.5068 vePEACE

• 10,000 PEACE locked-up for 180 days will get 19,863.0137 vePEACE

• 10,000 PEACE locked-up for 270 days will get 24,794.5205 vePEACE

• 10,000 PEACE locked-up for 365 days will get 30,000 vePEACE

vePEACE Lock-up and Farming

1. Lock-up PEACE tokens to obtain vePEACE tokens, and stake vePEACE tokens to farm PUST tokens.

2. The protocol revenue comes from the fees generated by players summon in the port and trading in the NFT marketplace.

3. 40% of Port's income is used to motivate users who participate in $PEACE lock-up(vePEACE holders).

4. The minimum lock-up requirement for mining vePEACE is 30 days.

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