Honey Finance
Try nowForumBlogFeedback
  • 👋Welcome to Honey
  • 🎓Learn
    • DeFi lending
    • Risks
  • Lending protocol
    • Overview
    • Borrowing
      • Bulk loan
    • Lending
    • Fees
    • Liquidations
    • Lending pool admins
      • Pool creation
    • Interest Rates
      • Protocol math (Solana)
        • Low risk model
        • Default risk model
        • High risk model
      • Protocol math (Ethereum)
    • Risk
      • Security
      • Risk Methodology
      • Protocol risks
  • Honey P2P
    • Overview
    • Borrowing
    • Lending
    • Refinancing
    • Protocol fees
  • Tokenomics
    • HONEY
    • veHONEY
    • pHONEY (old)
    • Genesis NFTs
      • Liquidity Mining
      • Alpha program
      • NFT vs Token benefits
  • About Us
    • Whitepaper
    • Developers
    • Roadmap
    • Branding
  • Tutorials
    • Tutorials
      • Create a market
      • Create a loan
      • Repay a loan
      • (OLD) pHONEY conversion tutorial
      • (OLD) pHONEY locking tutorial
    • Support
  • FAQ
    • FAQ
      • Farms FAQ
      • Genesis Bee NFT FAQ
      • Peer-to-Peer FAQ
      • Lending & Borrowing FAQ
  • LINKS
    • Early Beta
    • Code
    • SDK
    • Resources
    • Discord
    • Website
    • Farm addresses
  • Legal
    • FAQ Legal Questions
    • Terms and Conditions
    • NFT sale disclaimer
Powered by GitBook
On this page
  1. Tutorials
  2. Tutorials

(OLD) pHONEY locking tutorial

Previous(OLD) pHONEY conversion tutorialNextSupport

Last updated 1 year ago

Lock pHONEY into the locked pool "Vest pHONEY" in order to trade pHONEY into HONEY with a multiplier. Check the table above for conversion ratios. Select how much pHONEY you would like to deposit, then for how long you would like to deposit it for. The program will mint the right number of HONEY tokens at the conversion ratio you selected and will vest it for you.

Example: User locks 10 pHONEY for 12 months. 10 pHONEY is burned and 100 HONEY is minted, those 100 HONEY are vested for 12 months. User receives 25 veHONEY as per and can unlock the 100 HONEY in 12 months in exchange for their veHONEY.

veHONEY conversion