Documentation Index
Fetch the complete documentation index at: https://docs-preview.infinifi.xyz/llms.txt
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LockedPositionToken.sol (liUSD-xw)
Purpose: Represents locked iUSD positions with different unbonding periods.Description
Locked Position Tokens are obtained by locking iUSD and grant access to illiquid returns and governance actions. Users must specify their unbonding period (1-13 weeks), reflected in the token symbol suffix.Unbonding Mechanics
- Tokens remain locked until the holder initiates unbonding
- Unbonding period = time to retrieve iUSD after initiation
- During unbonding, time-multiplier decays from full value to 1
- Unbonding can be cancelled to retain full multiplier
Governance
liUSD holders participate in governance with voting power based on:- Locked iUSD amount
- Unbonding period length (longer = more power)
liUSD-1w holders cannot vote on Pendle farms but can vote on Ethena farms. Duration buckets determine voting eligibility.
Contract Addresses (Mainnet)
| Token | Address |
|---|---|
| liUSD-1w | 0x12b004719fb632f1E7c010c6F5D6009Fb4258442 |
| liUSD-2w | 0xf1839BeCaF586814D022F16cDb3504ff8D8Ff361 |
| liUSD-3w | 0xed2a360FfDC1eD4F8df0bd776a1FfbbE06444a0A |
| … | View all |