Staking BIO
Staking BIO
is a fundamental way to participate in the Bio Protocol's governance and earn BioXP. By locking your BIO
tokens in the staking contract, you receive veBIO
(vote-escrowed BIO), which represents your voting power in the ecosystem.
How it Works
The amount of veBIO
you receive is determined by both the amount of BIO
you stake and the duration of your lock-up period. The longer you commit to locking your tokens, the more governance power you have.
Lock Duration
You can choose to lock your BIO
for any duration between 2 weeks and 2 years.
veBIO
Calculation
veBIO
CalculationThe calculation for veBIO
is based on the remaining time in your lock. For every BIO
you stake, you receive a proportional amount of veBIO
based on the following logic:
veBIO per BIO = Number of Weeks Remaining in Lock / 104
This means your veBIO
balance will linearly decrease as your lock approaches its end date.
Auto MAX Renewal
To maintain a consistent veBIO
balance and to avoid your voting power and BioXP earning power degrading over time, you can use the Auto MAX Renewal feature. By toggling this on, the protocol will re-lock your position for the protocol's maximum possible lock period at each renewal.
For example, if the protocol's max lock time is 2 years, at each renewal your locked position resets back to the full 2-year lock. This approach maximizes your voting power and maximizes the rewards you receive. If you toggle auto-renewal off, your veBIO
will begin to decay and from that moment, your lock will run for the 2-year period of time the lock was originally set.
Chain Availability
Initially, veBIO
staking will only be available on the Base network. Support for other chains (Solana and Ethereum Mainnet) will be added in the future.
Last updated