Conversion - Redeeming

DSP can be seamlessly transformed into YUM and vice versa, with variations in the conversion mechanism based on the direction.

Converting DSP to YUM

The transformation of DSP into YUM is an immediate and unrestricted process, adhering to a direct 1:1 exchange ratio.

YUM > DSP redeem

The process for converting YUM into DSP involves a user-selected vesting period. The length of this period directly affects the conversion rate, increasing as the vesting duration extends:

• For a minimum vesting period of 15 days, the conversion rate is set at 1 YUM to 0.5 DSP.

• A maximum vesting period of 6 months offers a 1:1 conversion rate.

Should the chosen vesting duration be less than the maximum, resulting in a conversion ratio of less than 1:1, the remaining DSP that is not claimed will be eliminated.

Dividends allocation

When a user redeems YUM, half of its value is automatically transferred to the dividends plugin.

For example, redeeming 1000 YUM results in dividends as though 500 YUM were allocated to the plugin.

This automatic allocation is nullified once the vesting period concludes.

Cancel redeem

Users have the flexibility to halt the YUM redemption at any point.

If a redemption is cancelled before completion, the entire process is nullified. The user will regain the full amount of YUM they were redeeming, but will not receive any DSP.