$esORB
*$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:
$esORB rewards
Share of protocol revenue in $USC and $cdcETH
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
Deposit $USC in the Stability Pool
Deposit $esORB and/or $ORB into the Vault
$esORB use cases
Can be deposited into the Vault for the same rewards and benefits as $ORB
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
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
Last updated