esKTC
esKTC tokens share similarities with KTC tokens but cannot be sold until they undergo a gradual conversion to actual KTC tokens.
Last updated
esKTC tokens share similarities with KTC tokens but cannot be sold until they undergo a gradual conversion to actual KTC tokens.
Last updated
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.
Users can use their esKTC on the Staking Rewards page.
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.
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.
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.
esKTC tokens and their paired tokens reserved for vesting cannot be unstaked or sold until the vesting period concludes.
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.
Reward rates will be evaluated each month and may be subjected to changes.
