> ## Documentation Index
> Fetch the complete documentation index at: https://docs.infinifi.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# LockedPositionToken.sol

> liUSD-xw - Locked position tokens

## LockedPositionToken.sol (liUSD-xw)

**Purpose:** Represents locked iUSD positions with different unbonding periods.

## Description

Locked Position Tokens are obtained by locking iUSD and grant access to illiquid returns and governance actions. Users must specify their unbonding period (1-13 weeks), reflected in the token symbol suffix.

## Unbonding Mechanics

* Tokens remain locked until the holder initiates unbonding
* Unbonding period = time to retrieve iUSD after initiation
* During unbonding, time-multiplier decays from full value to 1
* Unbonding can be cancelled to retain full multiplier

## Governance

liUSD holders participate in governance with voting power based on:

* Locked iUSD amount
* Unbonding period length (longer = more power)

<Note>
  liUSD-1w holders cannot vote on Pendle farms but can vote on Ethena farms. Duration buckets determine voting eligibility.
</Note>

## Contract Addresses (Mainnet)

| Token    | Address                                                                                                                 |
| -------- | ----------------------------------------------------------------------------------------------------------------------- |
| liUSD-1w | [`0x12b004719fb632f1E7c010c6F5D6009Fb4258442`](https://etherscan.io/address/0x12b004719fb632f1E7c010c6F5D6009Fb4258442) |
| liUSD-2w | [`0xf1839BeCaF586814D022F16cDb3504ff8D8Ff361`](https://etherscan.io/address/0xf1839BeCaF586814D022F16cDb3504ff8D8Ff361) |
| liUSD-3w | [`0xed2a360FfDC1eD4F8df0bd776a1FfbbE06444a0A`](https://etherscan.io/address/0xed2a360FfDC1eD4F8df0bd776a1FfbbE06444a0A) |
| ...      | [View all](/dev-docs/contracts)                                                                                         |