esVKA Vesting

Users can acquire esVKA from airdrop and liquidity bootstrapping rewards. Users can transform their esVKA to $VKA linearly through vesting.

Vesting

Users have the options to vest their esVKA to get $VKA:

• Full Vesting: Vest linearly over 1 year for 100% of its value

• 65% Vesting: Vest linearly over 6 months for 65% of its value. 35% of the supposed fully vested $VKA will be burnt daily

• Half Vesting: Vest linearly over 90 days for 50% of its value. 50% of the supposed fully vested $VKA will be burnt daily.

Example

1. Assuming Peter has 100 esVKA and he chooses to vest 50 esVKA for 90 days, and 50 esVKA for one year.

2. Daily VKA that Peter can get from vesting

   1. (50/2)/90 = 0.2778 VKA per day

   2. 50/365 = 0.1370 VKA per day

   3. Total = 0.4148 VKA per day

3. If Peter decided to cancel all vesting and stake the remaining unvested esVKA on day 45

   1. VKA vested from esVKA = 0.2778*45+0.1370*45 =18.666

   2. esVKA burnt from choosing 90 days vesting = 0.2778*45 =12.501

   3. esVKA available to be staked = 100-18.666-12.501 = 68.833