LFG Wall Street FAQ

FAQ

What lock duration can we choose?

You can choose from 1-52 weeks. What do you prefer?

What variables affect the LFG Wall Street APYs (Flexible and Fixed-Term Staking options)?

Since flexible staking and fixed-term staking options are part of the same pool, the following variables affect the APY of both:

• Total LFG staked in flexible staking and fixed-term staking (the sum of both). The more LFG staked, the lower the APY.

• Total locked LFG in fixed-term staking. The more LFG locked means more yield boosts, resulting in fewer LFG rewards for others (especially flexible staking).

• The average lock duration of all LFG locked in fixed-term staking. If the average lock duration increases, APY will decrease.

Can I harvest the rewards during the locked period?

No. You can harvest the rewards only when the locked duration is ended. This is based on the yield/return we are providing as well as the technical implementations.

Can I extend the lock duration?

Yes. Extending the lock duration adds more time to your initial lock duration. When choosing to extend your lock duration, note:

New extended lock duration = initial lock duration + added duration

Can I remove my LFG from Fixed-Term staking via contract if I change my mind?

No. Your LFG cannot be removed or withdrawn from fixed-term staking at any point in time until your lock duration ends and your LFG is unlocked.

What is the "LFG Locked" amount?

The "LFG Locked" amount is a user's initial locked LFG balance plus LFG rewards to date.

LFG Locked = Initial locked LFG balance + LFG rewards

When adding more LFG to fixed-term staking, the "LFG to be locked" amount is the user's initial locked LFG balance, LFG rewards to date, and the LFG being added.

Can the Fixed-Term Staking LFG pool APY change after I lock my LFG?

Yes, the fixed-term staking LFG pool APY is variable, just like the old LFG pools. The fixed-term staking LFG pool APY is not fixed and is dependent on:

• Total LFG staked in the LFG pool (the sum of both Flexible + Fixed-Term Staking).

• The average lock duration of all LFG locked in fixed-term staking.

• A yield boost (similar to a multiplier) calculated from a user's initial lock duration. The longer you lock your LFG, the higher the yield boost.

For example, if you lock your LFG for 52 weeks, your yield boost will be larger than if you lock your LFG for 26 weeks. The yield boost increases linearly the longer you lock your LFG.

Can I still participate in IFOs if my LFG is locked in the Fixed-Term Staking pool, or will I need to buy more LFG?

TBD, more information will be provided soon.

Can I vote if my LFG is locked in the Fixed-Term Staking pool?

TBD, more information will be provided soon.

Can I use both the Flexible Staking LFG pool and the Fixed-Term Staking LFG pool at the same time?

No. As mentioned above in the "What’s the difference" section, both options are part of the same, single pool. You currently can never have LFG in both fixed-term and flexible staking.

We have multiple solutions coming in the future to allow users to use both flexible staking and fixed-term staking at the same time, but for now, you can choose only one of them.

Is there a fee for converting Flexible Staked LFG to Fixed-Term Staked LFG?

No. There are no additional fees for moving LFG from flexible staking to fixed-term staking, only network fees.

What happens at the end of the lock duration? What is "After Burning"?

When your fixed-term staking period ends, and your LFG unlocks, you have 7 days to complete one of two options:

• Lock your LFG to begin a new fixed-term staking period or

• Convert your staked LFG to flexible staking (no 72-hour withdrawal fee).

During these 7 days, you will still earn LFG at the same APY as your lock period.

After 7 days, if you have not done one of the two options, your staked LFG will enter what is called "After Burning". In "After Burning", you will still earn LFG, but a portion of your rewards will be sent to burn at a linearly decreasing APR over 90 days, where your APR will be 0% after 90 days.

The “After Burning” state will last for 90 days until all the LFG rewards are burnt. So, to avoid missing out on LFG rewards, we recommend starting a new fixed-term staking period or converting your LFG to flexible staking at the end of your lock staking period.