Remember: Pioneers can voluntarily choose to create Lockups regardless of their migration status. Pre-migration Lockup configurations boost Pioneers’ current Pi based on future Lockup settings and affects Pi in the next migration. Post-migration Lockups apply to the Pi that Pioneers have acquired on the Mainnet blockchain and is free to be locked up.
To set pre-migration lockups: Tap the ☰ hamburger icon in the Pi mining app and tap “Mainnet”. Then tap “Configure Lockup Rate”.
To set post-migration lockups: Tap the “Lockups” button in the Pi Wallet (make sure to choose the Mainnet wallet), which is located in the Pi Browser.
The mining boost will go into effect in the following mining session after the Lockup.
Creating a new Lockup will boost individual mining rates based on the Lockup rewards mechanism detailed in the 2021 Whitepaper, which then helps to support a robust and stable ecosystem and incentivize long-term engagement with the network.
How Do Post-Migration Lockups Differ From Pre-Migration Lockups?
Both types of Lockups follow the same rewards calculations and are irreversible once committed. However, they are different in terms of the Pi affected and their implementation. As stated earlier, the pre-migration Lockup configuration boosts Pioneers’ current Pi based on future Lockup settings and affects Pi in the next migration, while the post-migration Lockup configuration applies to the Pi already acquired on the Mainnet blockchain and is free to be locked up. In regard to their implementations, the pre-migration Lockups are applied at the time of the migration of the transferable balance, while the post-migration Lockup mechanism directly locks up the Pioneer’s Pi on the blockchain right after their confirmation on the wallet interface.
Another difference is that the 200% Lockup, which uses 200% of the currently migrated amount, becomes available with post-migration Lockups. Many Mainnet-migrated Pioneers may acquire additional Pi other than mining, such as through the Pi apps or local commerce. So, a 200% Lockup is possible, and Pioneers can take advantage of this feature to maximize their Lockup mining rewards.
