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eSNX an ERC-20 token redeemable for escrowed SNX #90
As part of our ongoing trial of the SNX auction mechanism we need a way to automatically distribute escrowed SNX. This has previously been either manually administered or implemented at the protocol level, eg. SNX staking rewards. However, this creates a lack of flexibility in how escrowed SNX is distributed. This issue proposes a contract that enable three functions:
This will allow for a transferable version of escrowed SNX that can be used to incentivise beneficial actions for the protocol. This eSNX will not function as collateral and can only be converted to SNX once and will then be locked to the account it is assigned to.