Vesting

Escrowed WSP (esWSP) tokens can be converted into WSP tokens through vesting, this can be accessed on the Earn page.

When vesting is initiated, the average amount of WSP or WLP tokens that was used to earn the esWSP rewards will be reserved.

For example, if you staked 1000 WSP and earned 100 esWSP tokens, then to vest 100 esWSP tokens, 1000 WSP tokens will be reserved. To vest 50 esWSP, 500 WSP tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.

esWSP tokens that have been unstaked and deposited for vesting will not earn rewards. Staked tokens that are reserved for vesting will continue to earn rewards.

After initiating vesting, the esWSP tokens will be converted into WSP every second and will fully vest over 365 days. esWSP tokens that have been converted into WSP are claimable at anytime.

If a user sells WSP or WLP tokens and would like to vest their esWSP rewards later on, they would need to re-buy the WSP or WLP tokens.

WSP, esWSP and Multiplier Points can be used interchangeably for the required reserve amount.

Depositing into the vesting vault while existing vesting is ongoing is supported.

Tokens that are reserved for vesting cannot be unstaked or sold. To unreserve the tokens, use the "Withdraw" button on the Earn page. Partial withdrawals are not supported, so withdrawing will withdraw and unreserve all tokens as well as pause vesting. Upon withdrawal, esWSP tokens that had been vested into WSP will remain as WSP tokens.