Frequently Asked Questions: B2M Lockup

B2M Lockup is a locking system that allows you to lock your B2M for a limited and optional period of time in exchange for a higher APY, thus obtaining a greater return.

Frequently Asked Questions

• What is the difference between the Flexible Farming Pool and the Lockup Farming Pool?
• What are the conditions for Lockup?
• Can I withdraw funds from a Lockup Farming Pool?
• Can I add funds to a Lockup Farming Pool where I already have funds?
• If I lock funds in B2M by mistake, do I have a time to cancel the lock?
• Does B2M Lockup affect the missions and FIFO system of Space Center?
• Are withdrawals from a Lockup Farming Pool automatic?

What is the difference between the Flexible Farming Pool and the Lockup Farming Pool?

In the B2M Flexible Farming Pool in Earn you can add and withdraw funds without any commitment or lockup conditions, free of charge and immediately.

In the B2M Lockup Farming Pool in Earn you can lock the funds for 3, 6 or 12 months as you choose. During the period you indicate, you will have a "lock-in commitment" in exchange for a higher APY, thus increasing your rewards, the more months you decide to lock your B2M.

What are the conditions for Lockup?

The only condition is that you keep the funds locked for the period of time determined by the Pool you have chosen.

Can I withdraw funds from a Lockup Farming Pool?

Yes, it is possible to withdraw your funds from a Lockup Farming Pool before the end of the established term. However, by not complying with the lockup condition, this entails certain consequences:

1. Discounted rewards: The total rewards you have generated during the time your funds were locked up will be deducted. These rewards will be returned to the Lockup Farming Pool to be distributed among the users who do keep their B2M locked, thus benefiting the community. It is important to emphasize that Bit2Me does not obtain any benefit from these discounted amounts; they are always redistributed among the B2M holders of the Pools, strengthening the B2M ecosystem.

2. 10% penalty on the initial capital: Additionally, a 10% of the initial funds you deposited will be deducted. This amount will be sent to a separate pool with the aim that, in the future, these funds will be burned (permanently removed from circulation).

Can I add funds to a Lockup Farming Pool where I already have funds?

If you decide to add more funds to an existing Lockup Pool (for example, a 6-month one with 20 days left to unlock), the new funds will be added to the existing ones and the countdown for unlocking will NOT be reset. That is, there will still be 20 days left for all the funds in that Pool to be released.

In addition, you have the flexibility to move your funds from a shorter-term Pool to a longer-term Pool to seek higher long-term returns (for example, from a 3-month Pool to a 12-month Pool).

However, to maintain the logic and integrity of the lockup periods, you will not be able to move funds from a longer-term Pool to a shorter-term Pool (for example, from a 12-month Pool to a 6-month Pool).

If I lock up funds in B2M by mistake, do I have a time to cancel the lockup?

It is difficult to mistakenly send B2M to the Lockup Pool without being aware of it, since before the indicated B2M are sent to the Lockup Pool, a notice appears indicating the following:

• Information about the Lockup of the indicated B2M and the date on which they will be released.
• Amount that will be deducted if you withdraw funds before meeting the deadlines of the Pool's lock.

For you to finally lock the funds and have them sent to the Lockup Pool, you must check the corresponding box in which you accept the indicated conditions and click on the button " Yes, I want to continue ".

Once the conditions have been accepted and the button has been pressed, there would be no possibility of canceling the deposit without penalty.

Does B2M Lockup affect the missions and FIFO system of Space Center?

No. Lockup B2M in a Pool does not mean that those B2M are unlinked from your account, so the FIFO System of the "Buy and hold € in B2M" missions will count those funds in the same way as those you may have deposited in Wallet, Pro or the Flexible Pool.

Are withdrawals from a Lockup Farming Pool automatic?

If you have funds in a Lockup Farming Pool and you meet the established period of that Pool (3, 6 or 12 months), you will receive a notification to extend the Lockup period and continue enjoying higher APYs before the release date is reached. Otherwise, once the Lockup period has expired, the B2M and the rewards obtained during the lock will be automatically credited to the Flexible Farming Pool.

If you decide to withdraw the funds before the established period in the Lockup Farming Pool in which you participate is met, the withdrawal will be processed and credited to the Flexible Farming Pool within the next 24 hours.