Skip to content

Commit

Permalink
updated readme for minLock
Browse files Browse the repository at this point in the history
  • Loading branch information
jordaniza committed Sep 16, 2024
1 parent ff18315 commit b9ac673
Showing 1 changed file with 1 addition and 0 deletions.
1 change: 1 addition & 0 deletions README.md
Original file line number Diff line number Diff line change
Expand Up @@ -19,6 +19,7 @@ The main workflow in the Mode Governance build is as follows:
- The user's voting power increases over time, starting from a baseline of the locked amount, up to a maximum voting power
- The user is unable to vote during an initial "warmup period".
- The user can exit their position at any time. In this case, they are entered into an "Exit Queue", whereupon their NFT is held in the queue for a "cooldown" period of X Days. After the period ends, they can burn the NFT to receieve their underlying balance back.
- It's possible to add a `minLock` period whereby a user is prevented from entering the exit queue before a certain time. This means they have their NFT available to vote but can't enter the exit process.
- Voting power is removed from the NFT at this time
- The exit queue can optionally set an exit fee that will be charged on exit.

Expand Down

0 comments on commit b9ac673

Please sign in to comment.