Vesting $esFUL
Convert your $esFUL to $FUL
$esFUL can be vested into $FUL through depositing into $FUL Vault or $FLP Vault.
The vesting process will happen linearly on a daily basis over the course of a year. When vesting is initiated, the initial amount of $FUL that was used to earn the $esFUL rewards will be reserved.
If you do not have enough $FUL/$FLP to be reserved, you’ll either have to reduce the number of $esFUL you want to vest, or purchase more $FUL/$FLP to initiate the vesting process.
For example, if you earned 100 $esFUL by staking 1000 $FUL, then 1000 $FUL will be reserved to vest 100 $esFUL.
You can increase you converting power by staking $FLP/$FUL in respective vesting vault.
How to convert $esFUL to $FUL?
Go to "Vest" page
Select FLP or FUL Vesting Vault
Enter the esFUL amount you would like to convert
Review the minimum FLP/FUL reserved amount required to initiate vesting
Review daily FUL vesting rate and total receivable amount in 365 days
Click Confirm to start vesting
Vault Capacity and Reserve
Vault Capacity and Reserve amount are two different concepts.
Vault Capacity means how many esFUL can be deposited in this vault for vesting.
Reserve amount means how many staked esFUL/FUL/BP will be reserved for esFUL vesting.
Example 1
Base on your reserving amount , you can vest 10 esFUL
Base on your Vault Capacity, you can vest 9 esFUL
Then converting power will be 9 esFUL
Example 2
Base on your reserving amount , you can vest 9 esFUL
Base on your Vault Capacity, you can vest 10 esFUL
Then converting power will be 9 esFUL
The actual Reserve Required is depending on your average staked amount and cumulative rewards earned.
There is no locking period on staked $FLP/$FUL, but for user who wants to vest their earned $esFUL from staking $FUL, they will need to maintain certain amount of reserved $FUL.
The reserved amount will be based on token amount, the price of staked token will not affect vesting process as long as users have sufficient reserved token amount.
With the principle above, as long as a user has never sold any of their initial $FUL, they will have sufficient $FUL to be reserved for vesting purposes.
Staked tokens that are reserved for vesting will continue to earn rewards. $esFUL that have been unstaked and deposited in vault(s) for vesting will not be earning staking rewards.
$esFUL which has been locked in the vault can be withdrawn at any point of time. However, partial withdrawals are not supported, so withdrawing will withdraw and unreserve all tokens as well as pause vesting. All $esFUL tokens that had been vested into the $FUL/$FLP vaults will remain as $FUL tokens.
| Item | Details |
|---|---|
Vesting Style | 1 year, linearly per second |
Reserved Tokens | Average amount of token that earned the $esFUL rewards will be kept in reserve during the vesting period
|
esFUL vest to FUL per day = total token / 365
Duration (Days to vest all esFUL in vault) = unconverted esFUL / esFUL vest to FUL per day
Deposit more in vault would update the current vesting speed.
Claiming the vested FUL will not affect the current vesting speed.
Vesting Scenarios
1. If you claim your FUL during vesting period
The speed or duration will not changed
Day 1: stake 365esFUL to vest, receive 1 FUL per day
Vesting speed = 365 esFUL/365 days = 1 FUL per day
Day 10: claim 10 FUL to wallet
Convert 10 esFUL to 10 FUL, 355 esFUL left
To vest amount = 355 esFUL
Vesting duration left = 355 days to vest remaing 355 esFUL
2. If you deposit more during vesting period
Both speed and duration will change
Day 1: stake 365esFUL, receive 1 FUL per day
Vesting speed = 365 esFUL/365 days = 1 FUL per day
Day 10: Deposit additional 10 esFUL
Tokens in vault = 375 esFUL
Incorporate an update from the newly added 10 esFUL
Vesting duration left: unconverted esFUL / FUL per day = 355.2667
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