The lock-up mechanism is designed to incentivize long-term commitment from SWAP token holders. By locking tokens for extended periods, holders gain increased voting power, allowing them greater influence over governance decisions.
Locking SWAP for voting power
* **Lock-Up Durations and Voting Power Multipliers**:
* **6 months:** 1x voting power of the token amount locked
* **12 months:** 2.5x voting power of the token amount locked
* **18 months:** 4x voting power of the token amount locked
* **24 months:** 7x voting power of the token amount locked
### Creating Multiple Locks
Users have the flexibility to create multiple locks with varying amounts and durations. This allows participants to tailor their voting power according to their preferences and strategic involvement in governance.
This flexibility enables users to manage their token commitments and voting power allocations efficiently.
### Example of Voting Power (VP)
{% hint style="warning" %}
**Note**: All figures and examples provided are based on the initial tokenomic for Pacaswap and may be subject to change based on Pacaswap governance decisions.
{% endhint %}
**Participants**: Alice and Bob
***
#### Alice
1. **Lock 1:** 4,000 SWAP for 24 months
* Voting Power = 4,000 × 7 = **28,000 VP**
2. **Lock 2:** 2,000 SWAP for 6 months
* Voting Power = 2,000 × 1 = **2,000 VP**
**Total Voting Power for Alice:** 28,000 + 2,000 = **30,000 VP**
***
#### Bob
1. **Lock 1:** 4,000 SWAP for 12 months
* Voting Power = 4,000 × 2.5 = **10,000 VP**
2. **Lock 2:** 1,000 SWAP for 18 months
* Voting Power = 1,000 × 4 = **4,000 VP**
**Total Voting Power for Bob:** 10,000 VP + 4,000 VP = **14,000 VP**
***
This example illustrates how users can create multiple locks to customize their voting power and deepen their governance involvement. By locking tokens for longer durations, participants receive higher multipliers on their locked amounts, thereby increasing their overall influence in Pacaswap’s decision-making processes.
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