The Redemption Process

Conversion between WDYM and esWDYM is a two-way process, each direction governed by its specific set of rules:

Converting WDYM to esWDYM

• Conversion from WDYM to esWDYM is always available, free from penalties or restrictions.

• The exchange rate for this conversion is fixed at 1:1.

Converting esWDYM back to WDYM

• When converting esWDYM back to WDYM, there's an unlock period which can be chosen by the user. The conversion ratio improves with longer redemption periods:

  • A minimum period of 10 days yields a conversion ratio of 1:0.25 (25%).

  • A mid-tier period of 60 days yields a conversion ratio of 1:0.625 (62.5%).

  • The maximum period of 120 days offers a full 1:1 conversion ratio (100%).

• Should the unlock period be less than the maximum, resulting in a ratio of less than 1:1, the shortfall in esWDYM is eliminated.

• Users have the flexibility to cancel the esWDYM redemption process at any stage.

• Canceling the redemption process before its completion nullifies the transaction, allowing users to reclaim their full esWDYM stake without receiving any WDYM.

• Up to 50% of the esWDYM designated for elimination through this process may be allocated to the WDYM Foundation to bolster network support.