How to lock Gemini contract

To lock a contract on Gemini, visit their Contracts page, select the desired contract, enter the lock amount, choose the duration, review the details, and click "Lock."

Nov 14, 2024 at 11:42 am

How to Lock Gemini Contract

Quick Guide

1. Visit [Gemini's Contracts](https://www.gemini.com/contracts) page.
2. Select the contract you want to lock.
3. Enter the amount of tokens you want to lock.
4. Select the lock duration.
5. Review the transaction details and click "Lock."

Detailed Guide

Step 1: Visit Gemini's Contracts Page

Navigate to [Gemini's Contracts](https://www.gemini.com/contracts) page. You will be presented with a list of available contracts, along with their respective reward rates.

Step 2: Select the Contract You Want to Lock

Select the contract you want to lock. You can choose from a variety of options, including ETH2, GMT, and GRT.

Step 3: Enter the Amount of Tokens You Want to Lock

Enter the amount of tokens you want to lock in the designated field. The minimum lock amount varies depending on the contract.

Step 4: Select the Lock Duration

Select the lock duration for your contract. You can choose from a variety of durations, ranging from 30 days to 2 years. The longer the lock duration, the higher the reward rate.

Step 5: Review the Transaction Details and Click "Lock"

Carefully review the transaction details, including the contract, amount, duration, and reward rate. Once you are satisfied, click the "Lock" button to complete the process.

Detailed Explanation of Each Step

Step 1: Visit Gemini's Contracts Page

Gemini's Contracts page provides a comprehensive overview of all available contracts. You can view the reward rates, lock durations, and other relevant information for each contract.

Step 2: Select the Contract You Want to Lock

The choice of contract depends on your investment goals and risk tolerance. ETH2 contracts offer a high reward rate but require a long lock-in period. GMT and GRT contracts have shorter lock-in periods but offer lower reward rates.

Step 3: Enter the Amount of Tokens You Want to Lock

The minimum lock amount is typically 0.1 ETH for ETH2 contracts and 10 GMT/GRT for GMT/GRT contracts. Lock larger amounts to earn higher rewards.

Step 4: Select the Lock Duration

The lock duration is a crucial factor that impacts your earnings. Longer lock durations generally yield higher reward rates. However, you will not be able to access your tokens during the lock-in period.

Step 5: Review the Transaction Details and Click "Lock"

Before confirming the lock, carefully review the transaction details to ensure that you have entered the correct information. Note that once the lock is confirmed, your tokens will be locked for the specified duration.