Furnace loop (Barons)

A Baron is a veCLAIM lock holder.

The Furnace loop

1. Have ETH or CLAIM
2. Lock CLAIM via Furnace → get veCLAIM (NFT)
3. Earn 25% of every takeover (ETH royalties), proportional to your ve
4. Collect ETH (default) or Collect & Lock (compounds into more veCLAIM)
5. Manage time: extend or enable AutoMax to keep ve high

ve mechanics: More CLAIM locked = more ve. More time remaining = more ve. Normal locks decay as they approach expiry. AutoMax locks stay at max ve.

How to become a Baron

Step 1: Have ETH or CLAIM

Entry token default: If you hold CLAIM, it’s preselected. Otherwise ETH is preselected (Furnace swaps for you).

Step 2: Lock with Bonus

1. Open Furnace
2. Choose duration: 7 days – 1 year (or AutoMax)
   • Destination lock is auto-selected (Advanced lets you change it)
   • If no eligible lock exists, the app creates a new lock (min 1,000 CLAIM)
3. Review the quote + destination summary
4. Confirm Lock with Bonus

How royalties work

Every takeover: 25% goes to Barons pool → you accrue ETH based on your ve share.

Royalty actions:

• Collect ETH (default): Withdraw to wallet
• Collect & Lock (optional): Route through Furnace → more veCLAIM + bonus

Note: Baron rewards activate once total ve reaches a minimum. Early on, ETH accumulates until activation.

Managing locks

From the Locks page:

• Total ve now (your royalty power) and % of total ve (your weight)
• Compounding section: accrued ETH + Collect actions + auto-compound status
• Actions: add to lock, extend, merge, enable AutoMax, list/delist

AutoMax: When ON, lock is always 1-year remaining (max ve, no decay). To unlock, disable AutoMax first (starts 1-year countdown).

Rule: Locks cannot be edited while listed on Market.

Auto-compound (optional)

Applies to Collect & Lock only.

1. Choose duration and save (destination auto-selected; Advanced can override)
2. Official keeper executes periodically (or trigger manually)
3. Pauses if destination becomes ineligible (listed, expired, not owned)

Exiting the Furnace loop

Invariant: The Furnace is the only counterparty. No user-to-user lock transfers.

Tips

• Collect ETH is simple and liquid — good default
• Collect & Lock for compounding (auto-compound available)
• Extend early to prevent ve decay
• Listing metrics: time remaining, minimum payout per ve, discount to principal