Redeem xGRAIL
Last updated
Last updated
The vesting process allows you to redeem xGRAIL for GRAIL tokens by considering the following ratio and output rates:
Minimum duration - 15 days (50% GRAIL output)
Maximum duration - 6 months (100% GRAIL output)
If you choose a vesting duration that's less than the maximum (ratio <100%), the remaining GRAIL will be burned
As your xGRAIL vest, 50% of the amount is automatically staked in the real yield staking plugin earning you rewards while the vesting period continues
For example, if you redeem 100 xGRAIL for a 90-day (3-month) vesting period, you will receive 72.3% of the GRAIL output, resulting in 72.3 claimable GRAIL after 90 days. Simultaneously, 50 xGRAIL will be staked in the real yield plugin, 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 xGRAIL being redeemed, and receive no GRAIL.
