Get Boosted OMM (bOMM)
Learn how to lock up OMM to boost your earning potential and hold voting power.
After you obtain Omm Tokens (OMM), you can lock them up for a set time period to earn even more OMM. Locked OMM gives you Boosted OMM (bOMM) – non-transferable tokens that increase your OMM rewards and give you voting power.
To lock up OMM:
- 1.Go to Rewards > Boosted OMM, or Vote > Overview, then click ‘Lock up OMM’.
- 2.Choose the amount of OMM to lock up and how long to lock it up for (from 1 week up to 4 years). Your earning potential and voting power will increase to reflect the value of bOMM.
- 3.Click Confirm and complete the transaction.
After you lock up OMM, you can’t reduce the lockup time or lock OMM for multiple time frames. Any additional OMM you choose to lock up will be locked for at least the same time period.
As the lock-up time decreases, so will your bOMM. It decays linearly to 0 based on the amount of time remaining, so if you lock it up for 4 years, 1 bOMM will become 0.5 bOMM after 2 years.
When the lockup period ends, you’ll need to claim your unlocked OMM before you can lock any up again.
Go to the Rewards or Vote page and click ‘Withdraw OMM’ from the Boosted OMM or Vote Overview section.