MEX token is a governance token of Maiar exchange. Locked Mex tokens are called LKMEX. In this blog post, we will explore how to unlock locked MEX tokens most easily. Stay tuned for more information.
What is Locked Mex?
Locked Mex(LKMEX) is a token that will let you earn 2x APR when farming on Maiar exchange. For this, you need to lock your rewards. After that, you will get Locked MEX as a token reward. To be clear, LKMEX and MEX have identical values but different use cases. The smart contract handles all the deposited locked MEX to the equal amount of unlocked MEX.
The use case of LKMEX are:
- You can stake LKMEX in Maiar DEX farm to get rewards.
- Add liquidity to MEX pools.
How to Unlock the Locked MEX Token?
Now coming to the main question, what is the way to unlock LKMEX tokens? It is pretty simple. Just follow these steps:
- First, you need to go to the Maiar exchange.
- And then, connect to your wallet by clicking on the connect button, which you can find on the top right.
- Next, go to the farms and choose the one where you have your LKMEX.
- Assuming you have LKMEX staked at MEX farm, You can click there and expand it.
- You will see “MEX staked,” where you can click the “i” button to check when your LKMEX will be unlocked.
- You can also see how much you can unlock if you have any.
But to unlock it, you need to have the LKMEX available in your wallet. So first, you need to withdraw it from the MEX farm.
To withdraw it,
- Click on the withdraw button.
- After that, put the amount you want to withdraw and click on the button.
- Sign the transaction and wait for it to complete.
- Once it is complete, you will be able to see it on your wallet or Maiar DEX account.
- Now click on the account, which you can find beside the setting tab.
- Once you do that, you will see the tab popping up.
- Click on it to expand to see your LKMEX that you can unlock.
- You will see the “unlock” option right there.
- Now click on it and sign the transactions.
- Once the transaction is completed, you can see your unlocked MEX in the Maiar exchange account.
In this way, you will be able to unlock the LKMEX token in a few steps. I hope this article helped you understand how to unlock locked MEX tokens. Thank you for reading!