Rewards
$MSH Rewards provide benefits for long term users of the protocol, these rewards come in the form of esMSH and Multiplier Points.
Escrowed MSH
Escrowed MSH (esMSH) can be used in two ways:
Staked for rewards similar to regular $MSH tokens.
Vested to become actual $MSH tokens over a one-year period
Each staked Escrowed MSH token will earn the same amount of Escrowed MSH and ETH rewards as a regular MSH token.
Please note that Escrowed MSH (esMSH) is not intended to be transferable unless you perform a full account transfer. The amount of MSH or MLP required to vest esMSH is unique to each account and the maximum amount of esMSH that can be vested is limited to the esMSH rewards received by that account.
Vesting
Escrowed MSH (esMSH) tokens can be converted to MSH tokens through vesting. When vesting is initiated, the average number of MSH or MLP tokens used to earn the esMSH rewards will be reserved.
For example, if you staked 1000 MSH and earned 100 esMSH tokens, 1000 MSH tokens will be reserved to vest 100 esMSH tokens. To vest 50 esMSH, 500 MSH tokens will be reserved. Please note that this is an example and the actual ratio will depend on the average staked and rewards earned for your account.
esMSH tokens that are not staked and deposited for vesting will not earn rewards. Staked tokens reserved for vesting will continue to earn rewards.
Once vesting is initiated, esMSH tokens will be converted to MSH every second and will fully vest over 365 days. esMSH tokens that have been converted to MSH are redeemable at any time.
If a user sells MSH or MLP tokens and wishes to vest their esMSH rewards at a later date, they will need to purchase the MSH or MLP tokens again.
MSH, esMSH and Multiplier Points can be used interchangeably to meet the required reserve amount. Deposits to the vesting vault during ongoing vesting are supported.
Tokens reserved for vesting cannot be unstacked or sold. Partial withdrawals are not supported, so withdrawing will withdraw and unreserve all tokens and pause vesting. Upon withdrawal, esMSH tokens that were vested in MSH will remain as MSH tokens.
Multiplier Points
Multiplier Points reward long term holders without inflation.
When you stake MSH, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 MSH staked for one year would earn 1000 Multiplier Points.
Multiplier points can be staked for fee rewards, each staked multiplier point will earn ETH at the same rate as a regular MSH token.
When MSH or Escrowed MSH tokens are unstaked, the proportional amount of Multiplier Points are burnt.
For example, if 1000 MSH is staked and 500 Multiplier Points have been earned so far, then unstaking 300 MSH would burn 150 (300 / 1000 * 500) Multiplier Points. The burn will apply to the total amount of Multiplier Points which includes both staked and unstaked Multiplier Points.
The "Boost Percentage" shows your individual boost amount from Multiplier Points.
For example, if the ETH APR is 10% and you have $10,000 worth of MSH and esMSH, then your rewards would be $1000 annualized, if you additionally have an amount of Multiplier Points equivalent to 20% of your total amount of MSH and Escrowed MSH, your "Boost Percentage" would display as 20%, and you would get an extra \$200 of ETH rewards annualized.
The “Boost Percentage” is calculated based on the ratio of Multiplier Points to your total amount of staked MSH:
Boost Percentage = 100 * (Staked Multiplier Points) / (Staked MSH + Staked esMSH).
Distribution Rate
Escrowed MSH will be distributed to staked MSH and MLP according to the schedule in the latest snapshot vote.
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