Lock

Why Lock?

If swapping and providing liquidity are acts of contributing capital, then locking is the act of steering GIWATER’s future. Locking $TER issues veTER (vote-escrowed tokens), granting the following strategic rights:

$TER

→

veTER

Emission Voting Rights

Direct the weekly $TER flow to your preferred pools.

Protocol Revenue Sharing

Earn a proportional share of trading fees from voted pools.

Voting Incentives (Bribes)

Accrue additional rewards provided by projects seeking your vote.

Anti-Dilution Rebase

Protect your governance stake from new emission inflation.

veTER Calculation

veTER = Locked $TER × (Remaining Lock Period ÷ Max Lock Period of 4 years)

10,000 $TER locked for 4 years → 10,000 veTER (100%)
10,000 $TER locked for 2 years → 5,000 veTER (50%)
10,000 $TER locked for 6 months → 1,250 veTER (12.5%)

veTER decays over time. To maintain your voting power, you need to periodically extend your lock.

veTER Decays Over Time

The amount of locked $TER remains constant and fully preserved; only the voting power (veTER) decreases over time.

Solo Lock vs Relay

Feature	Solo Lock	Relay (Shared Lock)
Operation	Manage votes and rewards yourself	Delegate to large lock, auto-managed
Best For	Experienced governance participants	Beginners wanting automation
Voting	Manual every Epoch	Automatic (optimized strategy)
Reward Efficiency	Varies by strategy	Stable via pooling effect
Management Burden	High	Low

Relay: Automated Governance (coming soon)

Relay delegates your $TER to a collective high-power lock position. This provides a systematic reward strategy without the need for manual voting every Epoch. Ideal for participants seeking passive governance yield.