Locking sHCT with a Higher APR
HurricaneSwap will introduce a locking mechanism for sHCT on Jan 29 at 10:00 AM (UTC). Users can stake HCT to get sHCT and lock sHCT for 6 months (180 days) to get HCT reward which is much higher than that of staking in the pool.
And locked sHCT will have 3x voting weight than xHCT and sHCT in the pools, which will take effect since proposal 4.
- Users can only unlock the funds after the locking period ends.
- Only when users unlock sHCT will they receive HCT rewards.
- If you have sHCT locked (even the locking period ends, but you haven’t unlocked it), then when you lock sHCT again, the locking period for all sHCT will restart timing.
Examples for calculating locking period
Assumptions: (1) 30 days per month (2)User A locked 100 sHCT on Jan 1, and the estimated unlocking time is Jul 1.
If user A locks 10 sHCT on Feb 1, then the estimated unlocking time for the 110 sHCT (100+10) will be Aug 1.
If user A locks 20 sHCT on Jul 2 when the locking period for the earlier 100 sHCT has ended, but user A hasn’t unlocked the 100 sHCT, then the unlocking time for the 120 sHCT (100+20) will be Jan 2 next year.
Visit Hurricaneswap.com Earn-Lock sHCT to lock it now!