Redeem xIGN
Last updated
Last updated
The vesting process allows you to redeem xIGN for IGN tokens by considering the following ratio and output rates:
Minimum duration - 15 days (50% IGN output)
Maximum duration - 6 months (100% IGN output)
If you choose a vesting duration that's less than the maximum (ratio <100%), the remaining IGN will be burned
As your xIGN vest, 50% of the amount is automatically staked in the dividends earning you rewards while the vesting period continues
For example, if you redeem 100 xIGN for a 90-day (3-month) vesting period, you will receive 72.3% of the IGN output, resulting in 72.3 claimable IGN after 90 days. Simultaneously, 50 xIGN will be staked in the Dividends, generating rewards that you can harvest at any point during the vesting duration
Should a redemption be cancelled before its completion, the entire process will be nullified. The user will then recover the total amount of xIGN being redeemed, and receive no IGN.
