Overview
Lock ELTA → get veELTA → earn 15% of all protocol fees + voting power. Longer lock = more veELTA.Lock ELTA
Go to the Rewards page
Why Lock ELTA?
Earn Protocol Fees
veELTA holders receive 15% of all protocol fees:- Trading fees from every app
- App launch fees
- Tournament fees
Governance Power
Vote on:- Protocol parameters
- Fee adjustments
- Treasury allocations
- New feature proposals
Duration Boost
Longer locks = More veELTA:| Lock Duration | Boost | 1,000 ELTA → |
|---|---|---|
| 7 days (min) | 1.01x | 1,010 veELTA |
| 6 months | 1.25x | 1,250 veELTA |
| 1 year | 1.5x | 1,500 veELTA |
| 2 years (max) | 2.0x | 2,000 veELTA |
How It Works
The Lock Mechanism
- Choose amount: How much ELTA to lock
- Choose duration: 7 days to 2 years
- Receive veELTA: Proportional to amount × duration boost
- Earn & vote: Until lock expires
- Unlock: Receive original ELTA back
Key Properties
| Property | Details |
|---|---|
| Non-transferable | veELTA cannot be sold or sent |
| Single lock per wallet | One active lock at a time |
| No early unlock | Must wait until expiry |
| No decay | veELTA balance stays constant |
| Full principal back | Receive 100% of locked ELTA on unlock |
Locking ELTA
Step-by-Step
1
Get ELTA
Acquire ELTA tokens (from DEX, selling app tokens, etc.)
2
Go to Rewards Page
Navigate to app.elata.bio/rewards
3
Enter Amount
Choose how much ELTA to lock
4
Set Duration
Use the slider to select lock duration (7-730 days)
5
Review
Check estimated veELTA you’ll receive
6
Approve ELTA
First time: approve the veELTA contract
7
Lock
Confirm the lock transaction
Choosing Duration
Consider:- Longer = More rewards (higher veELTA boost)
- Shorter = More flexibility (unlock sooner)
- Balance your time preference with earning potential
You cannot unlock early. Choose a duration you’re comfortable with.
Managing Your Lock
Increase Amount
Add more ELTA to your existing lock:- Go to Rewards page
- Enter additional amount
- Click “Increase Amount”
- Confirm transaction
Extend Duration
Push your unlock date further out:- Go to Rewards page
- Choose additional days
- Click “Extend Lock”
- Confirm transaction
View Your Lock
On the Rewards page, see:- Current veELTA balance
- Locked ELTA amount
- Unlock date
- Claimable rewards
Claiming Rewards
How Rewards Work
- 15% of all protocol fees allocated to veELTA holders
- Distributed proportionally by veELTA balance
- Accumulates over time (epochs)
- Claim whenever you want
Claiming Process
- Go to Rewards page
- Check “Claimable veELTA Rewards”
- Click “Claim veELTA Rewards”
- Confirm transaction
- ELTA sent to your wallet
Claim Timing
- No deadline to claim
- Rewards don’t expire
- Consider gas costs for small claims
Unlocking
When your lock expires:How to Unlock
- Wait until unlock date
- Go to Rewards page
- Click “Unlock & Withdraw”
- Confirm transaction
- Receive your ELTA back
What Happens
- veELTA burned
- Full ELTA principal returned
- Stop earning veELTA rewards
- Lose governance voting power
Voting
Current Governance
veELTA holders can vote on:- Protocol fee parameters
- Treasury spending
- New feature proposals
How to Vote
- Proposal created (on-chain or Snapshot)
- Voting period begins
- Connect wallet and vote
- Voting power = veELTA balance
Governance Parameters
| Parameter | Current |
|---|---|
| Proposal threshold | 77,000 ELTA (0.1%) |
| Quorum | 3.08M ELTA (4%) |
| Voting period | 7 days |
| Timelock delay | 48 hours |
Rewards Math
Your Share
Example
| Metric | Value |
|---|---|
| Your veELTA | 5,000 |
| Total veELTA | 1,000,000 |
| Monthly protocol fees | 10,000 ELTA |
| veELTA share (15%) | 1,500 ELTA |
| Your share (0.5%) | 7.5 ELTA/month |
Comparing Options
veELTA vs App Staking
| veELTA | App Staking | |
|---|---|---|
| What you lock | ELTA | App tokens |
| Fee share | 15% protocol-wide | 70% per-app |
| Lock required | Yes (7d-2y) | No |
| Voting power | Protocol governance | App-level only |
| Risk | ELTA price only | App token price |
Can Do Both
You can:- Lock some ELTA as veELTA
- Buy app tokens with remaining ELTA
- Stake those app tokens
Tips
- Match lock to conviction — bullish? go 2 years. Uncertain? start shorter.
- More usage = more rewards — veELTA yields depend on protocol activity
- Vote — you have the power, use it
- Track taxes — locking/unlocking/claiming may be taxable
FAQ
Can I unlock early?
Can I unlock early?
No. Once locked, you must wait until the unlock date. Choose your duration carefully.
What if I want to add more ELTA?
What if I want to add more ELTA?
You can increase your lock amount anytime. Your veELTA will increase proportionally.
Does veELTA decay over time?
Does veELTA decay over time?
No. Unlike some ve-token systems, Elata’s veELTA does not decay. Your balance stays constant until unlock.
What happens to unclaimed rewards?
What happens to unclaimed rewards?
They remain claimable indefinitely. No deadline or expiration.
Can I transfer veELTA?
Can I transfer veELTA?
No. veELTA is non-transferable (soulbound). This prevents vote-buying and ensures genuine commitment.
Risks
Summary
| Benefit | Details |
|---|---|
| Earn fees | 15% of all protocol revenue |
| Vote | Influence protocol decisions |
| Boost | Up to 2x veELTA from long locks |
| Principal safe | Get 100% back at unlock |