Maximizing Voting Power
Last updated
Last updated
As discussed in the section, there are many ways to create Flux. A small amount is allocated to users who use various CompX services, ensuring that everyone has a voice. However, a vast majority of the voting power will be held by users who are willing to lock up their CompX tokens, and CompX LPs for a time duration. Back on the page, selecting the Your FLUX power toggle will open up the time lock page. From there the user can manage their token locks.
The toggled page contains 2 interfaces for locking up tokens for governance. The first interface is for the lockup of only CompX tokens. The second interface is for locking up eligible CompX liquidity tokens. The two are identical with the exception of a drop down menu for the LP token lockup, to allow selection among eligible tokens. Below is an example of the UI for adding tokens to lockup using the LP lockup.
Any tokens that are opted into lock up get a significant Flux boost over other staking options as the Flux received will be ($Value)*(Days locked) rather than simply ($Value). The minimum lock up period is 1 month, and the maximum is 4 years.
