Boost-Locking Token Utility Release Date 🚀🔓

We are excited to announce the upcoming release of boost-locking, a token utility mechanic that will allow users to lock $APY tokens for set durations in exchange for boosted yield.

Boost-locking offers opportunities for $APY token holders to earn additional liquidity mining rewards through yield farming, allocating more rewards to those most aligned with the long-term vision of APY.Finance. Boost-locking is the first new $APY token utility addition, improving its utility above and beyond governance voting features.

Following boost-locking, a governance proposal for simplifying $APY token emissions and removing the vesting of $APY rewards will be made live. This will ensure a long-term horizon of available $APY rewards for boost-lockers.

Boost-locking will be live on the APY.Finance dashboard for $APY token holders to begin boost-locking on Thursday, 2/10/22, 8:00 pm UTC / 3:00pm EST. But wait, there’s more!

The first 100 users to boost-lock a minimum of 500 APY tokens for a 4-year lockup period will be granted a unique and exclusive NFT as part of a limited APY.Finance NFT drop that is currently under development. Act fast!

We’re excited for the community to have an opportunity to utilize their held $APY tokens in a new and exciting way, earning additional rewards while doing so.

Stay connected for more details on APY.Finance’s newest token utility, boost-locking, and how to participate, tomorrow, 2/10/22.