Reward Token Lock(vesting)
A description of how the Escrowed Bava tokens work
When vault users and stakers use the platform, inflationary BAVA tokens is rewarded. There will be a time-based lock for these reward tokens.
If you have received $Bava rewards from staking, farming and vaults, these tokens are applicable under unlock schedule. Tokens will be unlocked based on the table below per block starting from block 40,262,647, scheduled to be on early January 2024. Users will be able to claim the unlock on Baklava Space website or directly on snowtrace.io's Write Contract function.
$Bava token lock is NOT applicable to $Bava bought and sold on DEX/CEX, it is also NOT applicable to normal sending and receiving.
| $Bava received | % unlocked | % locked | Months |
|---|---|---|---|
Before 2024 | 5% | 95% | 36 |
Jan 2024 | 5% | 95% | 35 |
Jan 2025 | 5% | 95% | 24 |
Jan 2026 | 5% | 95% | 12 |
Dec 2026 | 5% | 95% | 1 |
Jan 2027 | 100% | - | - |
For example, if a user has 100 $Bava reward from staking before Jan 2027, when he withdraws the rewards, he will receive 100 $Bava immediately, with 95 $Bava sent back to a lock contract. The locked $Bava will be released each block starting from 2024 according to schedule above.
If a user receives or withdraws 100 $Bava rewards after Jan 2027 there is no lock and user will receive all 100 tokens immediately.
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