Any LP can lock their LP tokens up to 1095 days (3 years)
. LP stakes are multiplied by two boost factors: time locked & collateral ratio. The collateral ratio boost applies to the base emission rate of FXS, so an increase in the collateral ratio boost means more FXS distributed across the whole system. The time locked boost applies to an individual's stake as a proportion of all of the stakes in the pool, making it a zero-sum outcome when someone gets a boost from time locked stakes. In other words, a time locked boost will increase the amount of FXS a single user gets by increasing their proportion of the pool which decreases the proportion of rewards for everyone else in the pool. This is done to help balance the risk/reward of locking liquidity into the system for a fixed amount of time. Time locked staking is intended to further reward LPs who have a long term belief in the Frax Protocol and want to commit to providing liquidity for an extended period of time. If any pool emission rate is changed due to a governance action, the time locked stakes of the pool are automatically unlocked so that emission rates don't change on LPs who have committed to locking funds.