$esORB

*$esORB has been released before $ORB's token generation event (TGE) to allow pre-mining. Conversion to $ORB will be enabled after TGE.

TLDR: Any $esORB deposited in the Vault earns a share of revenue

$esORB is the time-locked version of $ORB. $esORB is revenue sharing, but non-tradable and non-transferable.

Users who deposit $esORB in the Vault can enjoy the following rewards:

1. $esORB rewards

2. Share of protocol revenue in $USC and $cdcETH

3. Stability fuel - a boost on your $esORB rewards if the user is a Stability Pool depositor

Here are the boosting tiers.

$ORB/$esORB Staking Amount	Boost Multiplier (x)
0	1
615	1.05
1,240	1.1
1,868	1.15
2,815	1.2
4,242	1.25
6,392	1.3
9,632	1.35
14,514	1.4
21,870	1.45
32,594	1.5
49,656	1.55
74,823	1.6
112,745	1.65
169,886	1.7
255,987	1.75
385,725	1.8
581,217	1.85
875,789	1.9
1,319,654	1.95
1,988,478	2

Obtain $esORB via 2 methods

1. Deposit $USC in the Stability Pool

2. Deposit $esORB and/or $ORB into the Vault

$esORB use cases

1. Can be deposited into the Vault for the same rewards and benefits as $ORB

2. Can be converted from $esORB to $ORB (the conversion will take a total of 90 days to complete), after which it can be traded or transferred

3. Is pegged 1:1 with the price of $ORB

Convert $esORB to $ORB - 90 day waiting period

Holders can convert their $esORB 1:1 to $ORB. Those that wish to convert their $esORB will have to wait 90-days for the conversion to be completed.

During this 90 day period:

The $esORB will not earn any rewards The conversion is not reversible