Locking your $PNDC as PONDWATER
Locking your $PNDC as PONDWATER allows you to earn ETH from a streaming yield.
This is the beauty of the Pond0x ecosystem. The more liquidity there is in the ecosystem with $PORK, $PNDC and potentially more coins in the future, the more you will gain.
The longer you lock your $PNDC then the greater the yield multiplier! Currently the max is 49 weeks with a multiplier of 24.5x
You must have your $PNDC locked for a minimum of 7 days before you can start streaming yield. Which means if you lock on a Saturday, you won’t be able to start streaming until the second Wednesday.
When you are eligible to begin streaming yield, otherwise known as the vesting period, you must sign a transaction that deposits a NFT from Sablier into your wallet.
$wETH will then stream into the NFT over a 7 day period, after which you will be able to withdraw the full amount.
If you don’t have your $PNDC yet, make sure to swap!
How to lock $PNDC for PONDWATER
On the homepage select the PONDWATER icon
Select the amount the $PNDC you wish to lock, for maximum benfits you will want to lock the majority if not all of it. Then drag the slider to the amount of weeks you wish to lock your $PNDC in for. Remember the longer you lock the greater the multiplier.
Finally click GET WATER.
How to find the latest Sablier stream
Click the “claim” button underneath the GET WATER button. Click on “I can’t find my stream?” which will expand and present you with a link to Sablier for the latest details to check eligibility. If you already have an ongoing stream it will show you live progress of $wETH streaming into the NFT.