🦄ePINK

Overview

Escrowed PINK (ePINK) holds identical value to PINK tokens and can be acquired by staking PINK. These ePINK tokens can be converted back to PINK over a 6-month vesting period.

There are two primary uses for Escrowed PINK (ePINK):

• Staked for Comparable Payouts: Staking ePINK yields payouts comparable to those of regular PINK tokens.

• Vesting to PINK: You can choose to vest your ePINK, converting them back to PINK over the course of one year.

Note: Escrowed PINK (ePINK) is typically non-transferable, except in the case of a full account transfer.

Vesting

Vesting is the process by which Escrowed PINK (ePINK) tokens can be converted into PINK tokens. During vesting, the average number of PINK or BLP tokens used to earn the ePINK rewards is reserved.

The amount of PINK or BLP required to be locked up during ePINK vesting varies for each account and is determined by the benefits associated with the account. If users acquire ePINK from the market or over-the-counter, they cannot undergo the vesting process.

• ePINK tokens must be staked and deposited to initiate vesting; otherwise, no rewards will be received.

• Tokens that are staked but haven't yet vested will continue to receive rewards.

• During the vesting process, ePINK tokens are converted into PINK every second for a total of 183 days.

• Users can choose to vest ePINK into PINK at any time, and once vested, PINK tokens derived from ePINK can be claimed at any time.