🔒Dynamic locks and coverage discounts

Dynamic Locks Feature

Staking $AGIO grants access to our dynamic locks feature. This enables users to enjoy fee discounts when swapping assets for covered equivalents, based on the duration of their $AGIO staking. Longer staking periods yield higher fee discounts. However, it's important to note that as the staking period of $AGIO decreases and is not renewed, the fee discount diminishes, resulting in higher fees.

Example A 1-year $AGIO stake provides a 100% discount on any asset covering 80% of the staked $AGIO's value. If the lock duration decreases to less than a year, such as 10 months, the fee discount diminishes accordingly, automatically deducted from the covered amount. (Refer to the table bellow for details on dynamic locks)