Vesting escrowed tokens from farms
Converting escrowed GS to liquid GS
Last updated
Converting escrowed GS to liquid GS
Last updated
To claim your esGS incentives, simply click on the "Claim" button in the top right of the respective pool. These rewards are distributed to users who staked their LP tokens in respective pools.
To convert the esGS to GS, you will have to vest the tokens over a 30 day period by reserving your LP tokens. The tokens are vested linearly and can be claimed at any time.
Claiming tokens will however restart the vesting schedule.
To vest, you will need to have GSLP tokens deposited in the staking contract to reserve them to vest. The GammaSwap smart contracts calculate the historical average amount of GSLP needed to earn the esGS incentives to calculate the reserve amount. This value is provided in the UI. If you remove your GSLP staked position or modify it, it can lower your reservable amount for vesting. The longer you stake, the more you can vest. This calculation is dependent on each pool so using another pool to vest will potentially reduce your vestable balance. The purpose of this is to reduce mercenary farming.
To vest your esGS, simply click "Vest" on the pool you received the esGS incentives in.
Enter an amount to vest. If the amount of esrowed tokens is vestable, you will have the option to vest in the vault, the "Vest" button will return blue.
If you receive a message that says
You don't have enough reserve tokens
then you will need to either increase your reserve tokens (stake more GSLP) or reduce the amount of escrowed tokens you would like to vest.
Once you have vested the escrowed tokens, you can see the total amount vesting, the vesting status (days left), the escrowed tokens available for vesting, the amount of GSLP reserved for vesting in the pool and the claimable rewards.
You can claim the rewards from the vesting vault at any time by withdrawing just be aware that it will also restart the vesting schedule.
To withdraw the "Claimable" tokens, click on the "Withdraw" button.
Once you click on the "Withdraw" button, you can see the rewards that are claimable.
Unlike vote escrowed token models, there is no "locking" of the tokens. Rewards can be claimed at any time and LP tokens can always be removed from the platform. Note: You will not earn esGS rewards from farms while vesting
Alternatively, instead of vesting your rewards in the GSLP vesting vault you can stake the esGS for ETH fees, Multiplier Points and more esGS rewards. You will continue earning rewards from your LP position and can vest the esGS after staking for some time.
To stake your esGS earned from farms, simply navigate to the "Stake" tab and stake your esGS there.
