Escrowed LIF3 (esLIF3) tokens can be converted into LIF3 tokens through vesting, this can be accessed on the Earn page.

When vesting is initiated, the average amount of LIF3 or LLP tokens that was used to earn the esLIF3 rewards will be reserved.

For example, if you staked 1,000 LIF3 and earned 100 esLIF3 tokens, then to vest 100 esLIF3 tokens, 1,000 LIF3 tokens will be reserved. To vest 50 esLIF3, 500 LIF3 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.

esLIF3 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 esLIF3 tokens will be converted into LIF3 every second and will fully vest over 365 days. esLIF3 tokens that have been converted into LIF3 are claimable at anytime.

If a user sells LIF3 or LLP tokens and would like to vest their esLIF3 rewards later on, they would need to re-buy the LIF3 or LLP tokens.

LIF3, esLIF3 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. All esLIF3 tokens that had been vested into LIF3 will remain as LIF3 tokens.

Last updated