When you lock Qi you will receive eQi (escrow Qi). eQi is calculated based on the amount of Qi a user locks up and the duration they choose to lock it for. eQi is used to eQI count increases a user's Qi Powah.
A user with 100 Qi that did not stake Qi will have Qi Powah of 300.
A user that has 100 Qi and locked it for 4 years will have 400 eQI and 400 QI Powah.
Qi holders lock their Qi for two reasons, to boost their Qi Powah(voting power) or to boost their share of the protocol’s revenue. The longer a user locks their Qi, the larger the boost they receive.
What does it mean to stake Qi?
Staking Qi involves locking your QI for a predetermined amount of time in the Protocol. You can lock Qi for up to 4 years. While QI is locked, it cannot be unlocked or transferred by users.
What is the maximum time frame users can stake Qi?
Users can stake for a maximum of 4 years at a time.
Can I extend my lockup period?
Yes, you can always extend your lock up period to up to 4 years.
How do I stake Qi?
To stake Qi, head over to the app site’s Boost page. Select the amount of Qi you want to stake and for how long. The longer you stake it, the greater the boost will be. As the lock up period passes, you can continually extend the period to maintain the same boost amount.
Please remember that your locked Qi is non-transferable & non-reversible until the lockup period is over.