---
description: Cadabra offers both passive and active yield opportunities
---

# Yield for Locking (Rebase)

{% hint style="success" %}
Rebasing is a type of passive yield.

Rebasing makes locking potentially profitable and safer, as it partially compensates for ABRA emissions and mitigates possible price fluctuations.
{% endhint %}

Each veABRA token holder receives a rebase rewards every epoch from a special pool in the [ABRA emission](../../tokenomics/markdown#weekly-abra-emission). Rebasing does not depend on voting participation. This yield depends on the number of veABRA held and the ABRA emission parameters.&#x20;

> The rebase pool is distributed proportionally to the veABRA held by users, calculated using the following metrics:
>
> * _MintedABRA_: Emission in the current epoch
> * _TargetLocked_: The target locking metric, which is a parameter in the tokenomics
> * _TotalSupply_: The total circulating supply of ABRA
> * _TotalLocked_: The amount of locked ABRA
>
> `If TotalLocked is less than or equal to TargetLocked: RebasePool = MintedABRA * TotalLocked / TotalSupply`
>
> `If TotalLocked is greater than TargetLocked: RebasePool = MintedABRA * TargetLocked`

**Rebase APR** for a specific lockup is calculated as follows:

`lockupRebaseABRA = RebasePool × lockupVeABRA / totalVeABRA`

`rebaseAPR = (lockupRebaseABRA × 52) / lockupABRA`

Where:

* _lockupVeABRA_: The amount of veABRA locked in the given lock-up
* _totalVeABRA_: The total circulating veABRA at that moment
* _lockupABRA_: The amount of ABRA locked in this lock-up

{% hint style="info" %}
Rebase APR is calculated in ABRA and can vary:

* For each lockup: Since the amount of veABRA per 1 ABRA depends on the locking duration
* For each epoch: Since it depends on the pool in the weekly emission
{% endhint %}

{% hint style="success" %}
We have added the opportunity to <mark style="color:green;">**receive an Airdrop**</mark> for almost all ways of earning on the Cadabra platform.&#x20;

You can lock ABRA to participate in voting and receive rewards from locking. Airdrop points are also earned, amount is based on the lock duration: the longer the lock, the more points per locked ABRA token.

The reward amounts and rules can be found in the [Airdrop section.](../../airdrop/airdrop-season-3#id-2-locking-abra)
{% endhint %}

## Step by step

```
1. Get ABRA:
        - Buy on the market
        - Receive as rewards for a deposit
2. Obtain veABRA through locking

-> Start receiving rebases every epoch
```
