Vesta Utility
This page describes the Utility of the Vesta Token
VST as instrument to cover DEX withdrawal Fees
VST will be used first and foremost as instrument to cover LP withdrawal fees on the VestaX.Finance™ DEX. As the DEX transitions to a Fee based unstaking mechanism for its LP tokens, which will allow users to remove farming liquidity without waiting times, a comprehensive Fee Mechanism will be implemented.
Basically owning VST will allow users to bypass the Fees paid in LP tokens, by using VST instead.
VST will be swapped to OURO, and the resulted OURO will fuel the SLIP.
The Following Fee systems are in place, or will be in place:
VAULT™ Fees
Secured LPs are subject to zero withdrawal Fees
| OURO Vault | Meme Vault | vEGLD Vault |
|---|---|---|
Epoch 1, 3% (1 Epoch) | Epoch 1, 3% (1 Epoch) | Epoch 1, 1% (1 Epoch) |
Epoch 2 - 3, 2% (2 Epochs) | Epoch 2 - 3, 2% (2 Epochs) | Epoch 2 - 3, 0.8% (2 Epochs) |
Epoch 4 - 20, 1% (17 Epochs) | Epoch 4 - 20, 1% (17 Epochs) | Epoch 4 - 20, 0.4% (17 Epochs) |
Epoch 21 and up, 0% | Epoch 21 and up, 0% | Epoch 21 and up, 0% |
vEGLD based LP Farms
The following system will be implemented for the vEGLD based LP tokens, to model the system that is in place now where one needs to wait 3, 63, 210 days when unstaking Standard, Premium, Elite staked LPs.
| Standard Staking | Premium Staking | Elite staking |
|---|---|---|
Epoch 1, 3% (1 Epoch) | Epoch 1 - 9, 15% (9 Epochs) | Epoch 1 - 30, 45% (30 Epochs) |
Epoch 2 - 3, 2% (2 Epochs) | Epoch 10 - 27, 10% (18 Epochs) | Epoch 31 - 90, 30% (60 Epochs) |
Epoch 4 - 20, 1% (17 Epochs) | Epoch 28 - 63, 5% (36 Epochs) | Epoch 91 - 210, 15% (120 Epochs) |
Epoch 21 and up, 0% | Epoch 64 and up, 0% | Epoch 211 and up, 0% |
VST as minting token in special minting campaigns.
VST Token will be used as minting token in certain special minting campaings. While 10% will be distributed using the Coding.Division™ POT, the remaining VST will be converted to OURO, and the resulting OURO will fill the SLIP.
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