Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Update VE Swap scenario #1

Closed
AnshuJalan opened this issue May 25, 2022 · 0 comments
Closed

Update VE Swap scenario #1

AnshuJalan opened this issue May 25, 2022 · 0 comments
Labels
documentation Improvements or additions to documentation

Comments

@AnshuJalan
Copy link
Contributor

Update the scenario mentioned at: https://github.com/Plenty-DeFi/ve-core/blob/master/docs/Scenarios.md#1-swap-existing-plenty-or-wrap-tokens-with-ply-or-associated-veply-tokens

Current mechanism:

  • For an exchange rate of 5 PLY / PLENTY
  • If a user swaps 100 PLENTY (500 PLY to be received in total)
  • The user receives 250 PLY (50%) immediately, and remaining 250 PLY is vested linearly over a period (1 month is testnet contracts).
  • The user can make claim of vested tokens once every 24 hours.
  • The vesting is flexible -
    • If a user swaps 100 PLENTY after the END timestamp, they end up getting the whole sum of 500 PLY at once.
    • If a user swaps 100 PLENTY at the end of one year, they get 250 PLY + 100 PLY (a sum that would have been claimable, had the user swapped at genesis).
@AnshuJalan AnshuJalan added the documentation Improvements or additions to documentation label May 25, 2022
Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
documentation Improvements or additions to documentation
Projects
None yet
Development

No branches or pull requests

1 participant