Lynex

New to Lynex? Avoid these common mistakes: Locking but not voting — you earn nothing if your votes aren't placed. Forgetting to claim rewards each epoch. Setting CL ranges too narrow on volatile pairs. Ignoring oLYNX — it's not a throwaway token, it's your compounding fuel.

There are two approaches to Lynex: set-and-forget and active. Set-and-forget: lock veLYNX, enable auto-vote or delegate, compound when you remember. Minimal effort, consistent baseline returns. Active: manually vote each epoch, chase the best bribes, manage CL positions, rebalance ranges. Higher ceiling, more time required.

Your veLYNX veNFT isn't just a governance tool. It's a portfolio asset. It earns yield every epoch through fees and bribes. Its value compounds when you re-lock earnings. It represents a growing claim on protocol revenue.

One large veLYNX veNFT or several smaller ones? There are trade-offs. One large: simpler management, easier compounding, single vote allocation. Multiple: flexibility to vote on different gauges independently, ability to delegate or transfer parts separately, option to run mixed strategies.

Max-locking your veLYNX isn't just about maximising voting power today. It's about compounding your position over time. Max lockers earn the most fees and bribes per epoch. They have the strongest influence on gauge direction. And by compounding earnings back in, their position grows faster than anyone else's. Max lock is a long-term strategy, not a short-term tactic.

Your veLYNX voting power isn't static. It decays linearly as your lock approaches its unlock date. A 2-year lock starts at maximum power. After one year, it's at roughly 50%. Near expiry, it's close to zero.

The compounding loop on Lynex: Vote → earn fees and bribes → claim rewards → convert oLYNX to veLYNX → merge into your existing veNFT. To maintain maximum voting power, enable "Max lock this veLYNX automatically every epoch." This keeps your position at maximum duration without manual extensions. Consistency is the strategy.

When does splitting a veLYNX veNFT make sense? When you want to vote on multiple gauges with precise allocation control. When you need to transfer part of your position without moving the whole thing. When you're running different strategies across different pools and want independent positions.

Splitting a veLYNX veNFT divides one position into two or more smaller ones. You choose how to allocate the locked LYNX across the new veNFTs. Each resulting position has its own voting power proportional to its share.

When should you merge veNFTs on Lynex? When you have several small positions that are harder to manage individually. When you want to concentrate voting power into one veNFT for maximum impact on a single gauge. When you're compounding oLYNX into veLYNX and want to roll new locks into your main position.