esKTC

esKTC tokens share similarities with KTC tokens but cannot be sold until they undergo a gradual conversion to actual KTC tokens.

Introduction

esKTC tokens share similarities with KTC tokens, representing the utility within the KTX.Finance ecosystem. The key distinction lies in the conversion process. esKTC tokens cannot be sold until they undergo a gradual conversion to actual KTC tokens.

The conversion of esKTC to KTC tokens occurs linearly over a one-year period.The linear unlocking mechanism is implemented to ensure a controlled and measured distribution of KTC tokens, aligning objectives and governance considerations.

esKTC accounts for 30% of KTC total supply.

Use Cases

Users can use their esKTC on the Staking Rewards page.

Staking

Staking esKTC enables users to earn the same rewards as those staking KTC tokens. Staking esKTC allows users to compound their rewards over time, creating a dynamic and potentially lucrative incentive for participants.

KTX Earn Page

Vesting

esKTC is vested every second linearly over a period of one year to actual KTC tokens. To vest esKTC into KTC tokens, the paired tokens that were used to earn the esKTC rewards need to be staked with the esKTC.

KTX Earn Page

📝 Example:

In the scenario where a user owns 100 $KTC and earns 10 $esKTC over one month. To convert the 10 $esKTC into 10 $KTC tokens, 100 $KTC tokens need to be staked with the 10 $esKTC. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.

Claiming Converted KTC

At any point during the vesting period, participants have the ability to claim the portion of esKTC tokens that has been converted into KTC tokens. This feature provides liquidity and flexibility for users.

Unstaking & Sale Limitations

esKTC tokens and their paired tokens reserved for vesting cannot be unstaked or sold until the vesting period concludes.

Withdrawal Process

To remove tokens from the Vesting Vault, users can utilize the "Withdraw" button on the Earn page. This action will withdraw all tokens and pause the vesting conversion.

Partial withdrawals are not supported. The withdrawal process removes all tokens from the Vesting Vault, and users should plan their withdrawals accordingly.

Emissions

Reward rates will be evaluated each month and may be subjected to changes.