YOP Documentation
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LockBox (Staking)
The LockBox is at the heart of YOP

What is the LockBox?

Within the LockBox, $YOP can be locked-up (or "staked") for varying periods of time in order to earn a share of the fees generated from the Vaults and the community emissions (see Emissions Schedule) - which are allocated to further incentivise staking. Once users lock their $YOP, they receive an NFT representing their stake position. The longer the lock-up period and the amount of YOP staked, the "rarer" the NFT becomes. This NFT has benefits such as Boosting returns in the Vaults and can be used to participate in the upcoming governance system.

What influences returns in the LockBox?

The screenshot below displays the YOP staking page, where after filling out the $YOP stake amount and duration - you are presented with an "Estimated Returns" figure. This APY quote is based on the current community emissions allocated (see Emission Schedule) to the LockBox and your pool share.
YOP Staking Page
If a your pool share decreases - due to more stakes in in the LockBox - then your APY will decrease. If the emissions to the LockBox are changed, then your APY will also change. Unlike APYs on Vaults, the price of $YOP does not impact that APY since the investment and return are both denominated in $YOP.

Can I unstake my $YOP early?

Once $YOP has been locked into the LockBox, there is currently no way of redeeming the tokens early. Only the $YOP rewards that are being generated can be claimed from the My YOP page. That being said, users can list their LockBox NFT's on OpenSea if they wish to sell their position. In the future, we plan to add the ability to modify your stake position and unstake early (with an associated cost / penalty for early unstaking).

Where can I track the current size of the LockBox?

Before the launch of the YOP analytics dashboards, you can monitor LockBox activity on Dune Analytics.