DSP and YUM plugins

How can I obtain DSP?

You can obtain DSP either by purchasing it through the exchange tab or by earning it through farming after establishing an spNFT position.

What is the procedure for acquiring YUM?

You can convert DSP into YUM at a 1:1 ratio under the YUM tab. Additionally, YUM can be earned from incentivized active farms.

What is the value of YUM?

YUM's value is directly tied to DSP's value as they are interchangeable on a 1:1 basis.

Is there a maximum supply for DSP?

Yes, DSP is expected to reach its hard cap around 2027, and there are deflationary mechanisms in place to reduce the total supply.

Is there a maximum supply for YUM?

YUM, being a wrapped version of DSP, does not have its own maximum supply. The number of YUMs in circulation corresponds to the number of DSP tokens.

Can I exchange YUM for other tokens?

YUM is not transferable. You can only redeem it for DSP.

How long does it take for YUM to be redeemed (vested)?

The minimum vesting duration is 15 days, during which you receive 50% of the DSP output. The maximum vesting duration is 180 days, with a 100% DSP output. During the vesting period, 50% of the amount is automatically staked in dividends, allowing you to earn rewards.

YUM Plugins

How can I make use of the YUM tab?

1. Convert DSP to YUM.

2. Redeem YUM to DSP through vesting.

3. Allocate YUM to dividends to earn rewards.

4. Allocate YUM through the yield booster to enhance your positions' APR.

5. Allocate YUM to the launchpad plugin to access launchpad-related benefits.

What are the benefits of yield booster, and how does it work?

The yield booster allows you to increase the emissions APR% by allocating YUM to a specific spNFT position. The boost in YUM allocation depends on the number of users allocating to a particular asset. Keep in mind that a higher number of users allocating YUM to a position may result in a lower APR, as the boost is shared among users.

How are dividends distributed?

A portion of the transaction fees is distributed as dividends on a weekly basis. Rewards are continuously distributed, allowing you to harvest pending rewards at any time.

Does the dividends epoch (cycle) always last for 7 days?

Yes, the dividend epoch consistently spans 7 days.

What is the Launchpad plugin?

For comprehensive information on the launchpad plugin and its functionality, please refer to the provided link.