Sleeping Vesta
Tertiary Refined Vesta
SLEEPING-VESTA (sVESTA) represents VESTA in a locked or vested state(cannot be freely moved), maintaining a one-to-one correspondence between the two tokens, and benefits from a higher minting multiplier.
Accumulated rewards of Raw Vesta or raw Vesta holdings within your wallet hold the potential to be seamlessly minted into Sleeping Vesta at your discretion. This conversion process empowers users to choose a vesting period ranging from 1 to 20 years. Notably, the duration of the chosen vesting period has a direct correlation with the minting multiplier applied to the process, a multiplier that exhibits an exponential growth pattern.
Sleeping Vesta has the following characteristics:
It remains immobile within the wallet and is non-transferable, a design that ensures its value remains aligned with that of the Vesta Token, precluding peer-to-peer trading.
Its creation is exclusively linked to accumulated farming rewards from two sources:
Primary vEGLD-LP-Based Liquidity Farming method (1-20 years vesting possible freely)
DEX VAULTs™ (4 years per Elite Account Tier starting with Tier 3 possible - in DEB v1.0)
The consolidation of separate Sleeping Vesta batches is a viable operation, wherein the vesting time is calculated as an average, considering the cumulative quantities of each batch. It is essential to emphasize that this merging process remains accessible irrespective of whether the batches are located within your wallet or are held in designated VAULTs™.
Once batches have been merged, they cannot be divided again.
Upon the completion of its designated vesting period, Sleeping Vesta can be converted back into Vesta.
The exponential increase in the minting multipliers is exemplified below:
VM(1) = 1.197814134575913490 | VM(11) = 5.959151117674783910 |
VM(2) = 1.429536479212546031 | VM(12) = 6.857312764790110079 |
VM(3) = 1.699876719124271251 | VM(13) = 7.862124066011651046 |
VM(4) = 2.013983855422633467 | VM(14) = 8.981362023416883470 |
VM(5) = 2.377447408697970021 | VM(15) = 10.222588689427583016 |
VM(6) = 2.796290116676372277 | VM(16) = 11.593002963431856619 |
VM(7) = 3.276950730714598584 | VM(17) = 13.099278683497692375 |
VM(8) = 3.826255535539441440 | VM(18) = 14.747390889309411081 |
VM(9) = 4.451377283233198313 | VM(19) = 16.542432707809039165 |
VM(10) = 5.159780352000000000 | VM(20) = 18.488425889503641600 |
In the DEB v2.0 Schema, minting Sleeping Vesta in Vaults will have the following Year Restrictions:
| ST | T1 | T2 | T3 | T4 | T5 | T6 | T7 |
|---|---|---|---|---|---|---|---|
nT0 | N/A | ||||||
nT1 | N/A | ||||||
ST1 | N/A | N/A | 4 | 8 | 12 | 16 | 20 |
ST2 | N/A | N/A | 4 | 8 | 12 | 16 | 20 |
ST3 | N/A | N/A | 5 | 9 | 13 | 17 | 20 |
ST4 | N/A | N/A | 5 | 9 | 13 | 17 | 20 |
ST5 | N/A | 1 | 6 | 10 | 14 | 18 | 20 |
ST6 | N/A | 2 | 6 | 10 | 14 | 18 | 20 |
ST7 | N/A | 3 | 7 | 11 | 15 | 19 | 20 |
Usage
Sleeping Vesta is designed as enhanced farming method in the following VAULTs™:
Creating liquidity using Sleeping-Vesta is planned for a later stage.
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