# Locking

To earn the AZND share of yield from the underlying Asset Pool, AZND must be locked into the loAZND vault on supported blockchains.  Unlocking AZND from the loAZND vault involves a 1-day cooldown period before withdrawal

### Locking Mechanics

* Users who lock AZND into the vault will receive loAZND in return.  loAZND is a receipt token that follows the ERC-4626 standard for vault tokens
* loAZND is a liquid token and can also be used in DeFi protocols like any other yield-bearing vault token
* loAZND locked in the loAZND contract remain there and are not lent out / rehypothecated for any other purposes
* Yield is paid out in additional loAZND tokens deposited into the vault that tracks the share of yield allocated to AZND holders
* Yield is accumulated on a weekly basis and distributed evenly throughout the following week.  This is done to even out the distribution of rewards and avoid gaming the reward system if rewards were distributed in one lumpsum
* Unlocking is subject to a 1-day cooldown period, the initial AZND tokens and additional AZND rewards are available for withdrawal at the end of the cooldown


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