How does it work ?

For borrowers and lenders:

  • $NOVA rewards are vested for 90 days, but can be claimed early at a 50% penalty.

  • Exiting a vest early always incurs a 50% penalty no matter how early or late you choose to exit.

  • The 50% penalty paid is distributed continuously to $NOVA lockers.

For lockers:

  • The lock dates are grouped by the week. Any lock between Thursday 00:00 UTC to Wednesday 23:59 UTC are grouped in the same week group, and will release at the same time 90 days later.

  • The locked $NOVA is subject to a mandatory 90 day lock, and cannot be unlocked early.

  • Your $NOVA rewards from locking $NOVA can be claimed at anytime with no penalty. You will keep the APR for locking $NOVA after the 90 day lock until you claim the newly unlocked $NOVA.

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