Conversion of ARR and esARR

ARR and esARR can be converted to each other, but the process of ARR->esARR and esARR->ARR are different.

ARR → esARR conversion

ARR can be freely converted into esARR at any time at a 1:1 ratio.

esARR → ARR redeem

The redemption process of converting esARR back to ARR is through linear release, and the duration is up to the user. The conversion ratio increases proportionally with the length of the linear release period:

• The shortest period for linear release is 15 days, with a release ratio of 50%.

• The longest period for linear release is 60 days, with a release ratio of 100%.

If a user chooses a release period less than 60 days, such as 45 days, then the excess esARR will be burned (50% * (60 - 45) / (60 - 15)).

Profit allocation

While being redeemed, the esARR is automatically allocated to the Profit component, but only for 50% of its value.

For instance if a user was to redeem 1000 esARR, he will earn dividends as if he actually allocated 500 of them to the Profit Component.

This allocation is automatically canceled once the vesting duration has ended.

Cancel redeem

Any esARR redeeming process can be freely interrupted at any time by the user.

Any canceled redeem before its end will void the whole process. User will retrieve its entire amount of redeeming esARR, and no ARR