How to Lock LITH into veLITH

Locking LITH creates veLITH, which grants voting power and access to governance rewards.

Step-by-Step Guide

1. Go to Governance
Navigate to the Governance section in the Lithos app.

2. Choose Lock Amount and Duration
Enter the amount of LITH you want to lock and select a duration (up to 2 years).

• Longer locks = more veLITH voting power.
• veLITH balance decays linearly until expiry, encouraging continuous relocking.

3. Confirm Transaction
Approve the transaction in your wallet. veLITH will be minted as an NFT and sent to your wallet.

4. Manage veLITH
veLITH positions are flexible:

• Increase lock amount.
• Extend lock duration.
• Merge or split positions.
• Sell veLITH on the secondary market.

5. Start Voting
Use veLITH to participate in gauge voting and earn rewards from fees, emissions, and incentives.