5.2 - Managing your veNEST

If your veNEST is deposited in the HYPE Engine Vault (HEV), you cannot perform the actions below until you withdraw from it.

To withdraw:

• Go to Dashboard → find your position in the lock tab → Manage Position → 'Deactivate' from HEV - https://app.usenest.xyz/dashboard

Once the veNEST NFT is back in your wallet as a manual position, you can manage it normally.

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1

Extend (increase lock duration)

Extend expiry to maintain voting power.

• Max lock: up to 6 months

• Voting power is linear with time:

  • 100 NEST for 6 months → 100 veNEST

  • 100 NEST for 3 months → 50 veNEST

2

Increase (add more NEST)

Add more NEST into an existing veNEST position.

3

Merge

Combine multiple veNEST NFTs into one position. Useful for simplifying management and concentrating vote weight.

Auto-Max (set-and-forget power)

Auto-Max is designed to keep your lock near maximum duration so vote weight doesn’t drift down.

Why it matters: if you don’t maintain duration, voting power decays toward expiry (example guidance shows ~4% voting power reduction per epoch on a max lock left to decay).

4

Transfer

Because veNEST is an NFT, it can be transferred (and may be tradable on supported marketplaces like Hyperwarp).

Reminder: Buyers inherit the lock’s remaining duration, future rewards and for selling marketplace liquidity can be thin with discount required for sale.

5

Unlock

Unlock your veNEST position back into NEST.

Your veNEST must be in a manual position for your NFT unlock time to start.