Step 2

Understanding locking is the first thing to understand. By converting $TAPP into $veTAPP, you gain two things: voting power over emission distribution and a direct share of trading fees from the pools you vote on.

How locking works: Head to the locking section of the Tapp app, which is located within the “GOVERNANCE” tab and “CREATE LOCK”. You'll select how much $TAPP you want to lock and for how long.

The lock duration matters. Longer locks give you more voting power per $TAPP locked. Think of it like a fixed-term deposit: the longer you commit, the more voting power you receive. A maximum lock of 4 years gives you the full 1:1 ratio, meaning 1,000 $TAPP locked for the max duration gives you 1,000 in voting power. Shorter locks give you proportionally less.

Your $veTAPP voting power decays linearly over time as it approaches the unlock date. Someone who locked for four years will see their voting power slowly decrease unless they extend the lock. This decay mechanism ensures that only committed participants maintain maximum influence. For convenience, you can use the Auto-Max Lock to keep your voting power at the max at all times.

Key considerations before locking: Your $TAPP is genuinely locked for the duration you choose. You cannot unlock early. This is not a soft stake where you can withdraw whenever you feel like it. Pick a timeframe you're comfortable with.

If you're planning to be an active participant in Tapp's governance and want to maximise your fee earnings, locking for the longest available period is the straightforward play. Your voting power stays highest, which means your share of fees stays highest.

Once your lock is confirmed, your $veTAPP position will appear in your dashboard, showing your total voting power and the unlock date.