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Earn PTE Rewards on Lock.finance

2 min readSep 29, 2020

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EARN UP TO 9% BY LOCKING

Lock.finance ( https://lock.finance ) is a protocol which utilizes Ethereum based smart contracts to lock crypto assets. Locking assets can be used as savings accounts, beneficiary transfers after a set amount of time, and/or to earn rewards.

PTE locked via this protocol will earn rewards as outlined below.

6% ROI for locks of 30 days
7.5% ROI for locks of 60 days
9% ROI for locks of 90 days or more

To lock tokens head to https://app.lock.finance/ from a metamask enabled browser or from within the metamask mobile app. Connect your metamask and select from the list of tokens. You can also connect from any web3 enabled wallet (Coinbase Wallet, Trust Wallet, etc.)

Now simply fill in the required fields:

Amount: Number of PTE to lock
Days to Lock: Select a number greater than 30 to earn the rewards
Fees: Pay fees with PTE (0.3%)
Max: Leave this box unchecked
Beneficiary: Leave this blank if you plan to unlock from the same address you are locking with.

You will then select “Lock” and Approve Lock.” A Metamask window will pop up asking you to confirm spending PTE and one to confirm the transaction. After confirming these you will see your locks near the bottom of the page.

To unlock and earn your lock rewards simply wait for the lock period to end and select “Claim.” The original amount you locked plus the 6–9% rewards you earned will released into your wallet immediately.

Enjoy passive earning with PTE on lock.finance!

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Peet DeFi
Peet DeFi

Written by Peet DeFi

Peet Platform Decentralized Finance applications and yield farming are a new take on DeFi offering cross chain functionality and future collateralization of RWA

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