Vesting

Reward VIX (rVIX) tokens can be converted into VIX tokens through vesting, this can be accessed on the Earn page.

When vesting is initiated, the average amount of VIX or VLP tokens that was used to earn the rVIX rewards will be reserved.

For example, if you staked 1000 VIX and earned 100 rVIX tokens, then to vest 100 rVIX tokens, 1000 VIX tokens will be reserved. To vest 50 rVIX, 500 VIX tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.

rVIX tokens that have been unstaked and deposited for vesting will not earn rewards. Staked tokens that are reserved for vesting will continue to earn rewards.

After initiating vesting, the rVIX tokens will be converted into VIX every second and will fully vest over 365 days. rVIX tokens that have been converted into VIX are claimable at anytime.

If a user sells VIX or VLP tokens and would like to vest their rVIX rewards later on, they would need to re-buy the VIX or VLP tokens.

VIX, rVIX and HP can be used interchangeably for the required reserve amount.

Depositing into the vesting vault while existing vesting is ongoing is supported.

Tokens that are reserved for vesting cannot be unstaked or sold. To unreserve the tokens, use the "Withdraw" button on the Earn page. Partial withdrawals are not supported, so withdrawing will withdraw and unreserve all tokens as well as pause vesting. Upon withdrawal, rVIX tokens that had been vested into VIX will remain as VIX tokens.