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The Locking module manages locked iUSD positions and the unbonding process.

Contracts

LockingController.sol

Manages lock operations

UnwindingModule.sol

Handles unbonding process

Locking Mechanics

  1. Lock — iUSD → liUSD-xw (choose 1-13 week unbonding period)
  2. Hold — Earn illiquid yields, participate in governance
  3. Initiate Unbonding — Start countdown, multiplier begins decaying
  4. Complete Unbonding — Receive iUSD back after period ends