$esORB
$esORB is a time-locked version of $ORB. It’s non-tradable and non-transferable but shares protocol revenue.
Key Features:
Revenue Sharing: Deposit $esORB in the Vault to earn revenue.
Conversion: Convert $esORB to $ORB at a 1:1 ratio after a 90-day wait.
Rewards for Vault Depositors:
$esORB rewards
Protocol revenue in $USC and $cdcETH
Stability fuel: Boosted $esORB rewards if you’re a Stability Pool depositor
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
Deposit into the Vault for the same rewards as $ORB
Convert to $ORB (90 days process), after which it can be traded or transferred
Maintains a 1:1 peg with the price of $ORB
Convert $esORB to $ORB - 90 day waiting period
90-day waiting period to convert $esORB to $ORB at 1:1 peg
During the wait:
No rewards earned
Process is irreversible once started
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