How to [Un]lock positions

Locking tokens and positions enables holders to receive the protocol's generated rewards

Users in permitted jurisdictions can lock & unlock positions with Ethena via our UI.

Using the UI, the locking & unlocking positions user workflow is:

1. The user requests to lock/unlock positions via our dApp interface by clicking "Lock"/"Unlock", which pops up their selected wallet to sign the requested transaction.

2. After the user signs the transaction with their wallet, the transaction is submit to the blockchain, if successful, the cooldown period starts.

3. Once the cooldown period ends, the user now needs to click on "Withdraw" and sign a second transaction.

4. Upon successful confirmation of the transaction, the user receives unlocked tokens.

Important to Note

• There is a cooldown period of 7 days after unlocking USDe, USDe will be available to withdraw after that period.

• There is a cooldown period of 7 days after unlocking sENA, sENA will be available to withdraw after that period. This is in addition to the 7 day sENA unstaking cooldown.

• There is a cooldown period of 21 days after unlocking LP tokens, these LP tokens will be available to withdraw after that period.