Degen

Can anyone explain to me in layman's terms what I am supposed to do with my locked degen? 

I see that it unlocked on October 8th? Does that mean I need to take an action to relock it and maintain my allocation?

If your Locked $DEGEN unlocked in October (90 days after your last deposit), you can press unlock to withdraw what you want. For example: if you unlock 30k from 100k, you’ll have 70k left in the vault, but it’s still unlocked and not eligible for tips until you extend the lock.

To keep your tip allowance, deposit more $DEGEN to extend the lock. Make sure to withdraw first (if needed), then lock up the rest! Once you deposit, the lock extends on all your funds in the vault.

If I want to maintain my lock, I'll have to unstake/restake to extend the lock?

ex-/airswap. part time node runner, full time shitcaster, all time higher

You have to top up a little, some say +10k, some mentioned 1 Degen top up is enough. You don’t have to withdraw your previous locked amount before relooking all in the vault.
The terminology is a bit confusing, as after 90 days your tokens unlock automatically (= no allowance), but they remain in the vault until you withdraw. Once you relock (with a top up) for another 90 days your allowance is back next day.

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You can also withdraw 10k and add them back in to relock the same amount, but might be a taxable event.