vePEA holders' APY boosts according to how much vePEA they hold.As long as the user obtains vePEA, no matter whether the user deposits in any pool, their APY will be increased,After locking PEA to obtain vePEA, boosting will start automatically. See the formula to calculate boosted APY.
How do Users Obtain VePEA?
Users obtain vePEA via locking PEA, the native token of PinkPea. The exchange rate is proportional to the PEA lock-up period.
1 month lock-up: 1PEA => 0.0416666 vePEA
6 month lock-up: 1PEA => 0.25vePEA
1 year lock-up: 1PEA => 0.5 vePEA
2 year lock-up: 1PEA => 1 vePEA
Locking and unlocking of PEA
When you stake PEA for the first time, PinkPea Finance will calculate your lock-up time and corresponding unlock time according to the lock-up period selected.
Unlocking time of non-first-time staked PEA will be weighted according to the unlocking time of previously staked PEA to get the new unlocking time.
Upon locking expiry, all locked PEAs will unlock at once.