🎟️vl-BURST
To participate in voting on Burst proposals, it's necessary to commit your $BURST tokens to a fixed lock-in period, lasting at least 16 weeks. During this time, the locked tokens remain inaccessible until the completion of 16 full epochs.
Locking your $BURST just before a new epoch begins will result in approximately a 16-week lock period.
However, if you lock your $BURST during an ongoing epoch, the lock period extends to 16 weeks plus the remaining time until the start of the next epoch.
Epochs on Burst are organized on a weekly basis, starting every Friday at 00:00 UTC. It's important to note that deposits made during the current epoch are not counted towards the vote weight for that epoch. To be eligible for voting, $BURST must be locked during a completed epoch before the commencement of the voting period.
After 16 complete epochs have elapsed, vl-BURST tokens are automatically unlocked. Key points to note:
Once unlocked, these $BURST tokens remain in the locker contract and do not engage in any activity until the user decides to withdraw them.
There is an option for unlocked tokens within the locker contract to be re-locked. When tokens are re-locked in this way, their voting weight is assigned to the current epoch, as opposed to being allocated to the subsequent epoch.
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