Redeem YUM
Last updated
Last updated
The process of vesting enables the exchange of YUM for DSP tokens, taking into account specific ratios and output rates:
Minimum time frame - 15 days, yielding 50% in DSP tokens
Maximum time frame - 6 months, yielding 100% in DSP tokens
If you choose a vesting duration that's less than the maximum (ratio <100%), the remaining DSP will be burned
As your YUM vest, 50% of the amount is automatically staked in the dividends earning you rewards while the vesting period continues
Suppose you swap 100 YUM for DSP over a 90-day vesting period. In this scenario, you'd be entitled to 72.3% of the total DSP produced, amounting to 72.3 DSP available for claim after the 90 days.
Additionally, half of your initial YUM, which is 50 YUM, will be actively staked in the Dividends Pool. This staking will accrue rewards, which you are free to collect at any time throughout the vesting period.
If a redemption is halted prior to its finalization, the entire procedure becomes void. Consequently, the user will regain the full quantity of YUM initially put forward for redemption, without acquiring any DSP.
