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PIKA
Question
Purple
@purple · Oct 30, 2023, 23:21
How long is the vesting period for esPIKA, the reward of vault?
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Comments (1)
laura7
@laura7 · Oct 30, 2023, 23:46
Escrow PIKA(esPIKA) is vested for one year to unlock PIKA.
The lock-up mechanism will begin with a 90% fee for vesting PIKA which will decay linearly to zero.
Half of fee for redeeming PIKA earlier than one year will be awarded to PIKA stakers as boost rewards, the other half will be sent to the treasury.
After one year, esPIKA becomes 1:1 with PIKA.
By the way, esPIKA is a non-transferable token, so you can't swap it with other tokens.
Source: www.pikaprotocol.com/#/stake
The lock-up mechanism will begin with a 90% fee for vesting PIKA which will decay linearly to zero.
Half of fee for redeeming PIKA earlier than one year will be awarded to PIKA stakers as boost rewards, the other half will be sent to the treasury.
After one year, esPIKA becomes 1:1 with PIKA.
By the way, esPIKA is a non-transferable token, so you can't swap it with other tokens.
Source: www.pikaprotocol.com/#/stake
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