# Price Lock

## What are Price Locks?

Price Locks are a way to “lock-in” a buy or sell price for 7 days.

## How to use?

With Price Locks, you can either be the TAKER or the MAKER:

* Taker: Buying a Price Lock
* Maker: Funding a Price Lock

Price Lock is entirely Peer to Peer hence no protocol risk and does not rely on oracle.

{% content-ref url="price-lock/buying-a-lock-takers" %}
[buying-a-lock-takers](https://docs.tensor.trade/trade/price-lock/buying-a-lock-takers)
{% endcontent-ref %}

{% content-ref url="price-lock/funding-locks-makers" %}
[funding-locks-makers](https://docs.tensor.trade/trade/price-lock/funding-locks-makers)
{% endcontent-ref %}

## Rewards ⭐️

Read about price lock rewards here:

{% content-ref url="../welcome/rewards/season-3" %}
[season-3](https://docs.tensor.trade/welcome/rewards/season-3)
{% endcontent-ref %}