The Vesting Period is created to prevent attacks that have affected many recently launched DeFi protocols against price manipulation. This is intended to help with stabilization. We encourage the network to grow in a healthy & stable way. It is a mechanism designed for the longevity of the project.
Vesting Period: 9 Week Schedule
Claim before 1 Week — user can get 10% of its mining revenue MEE Claim in 1st Week — user can get 20% of its mining revenue MEE Claim in 2nd Week — user can get 30% of its mining revenue MEE Claim in 3rd Week — user can get 40% of its mining revenue MEE Claim in 4th Week — user can get 50% of its mining revenue MEE Claim in 5th Week — user can get 60% of its mining revenue MEE Claim in 6th Week — user can get 70% of its mining revenue MEE Claim in 7th Week — user can get 80% of its mining revenue MEE Claim in 8th Week — user can get 90% of its mining revenue MEE Claim in 9th week or after 9th week — user can get 100% of its mining MEE income For Example: If you mined 100 MEE Week 0 - Receive 10 MEE / 90 Sent to Reserve Pool (10%/90%) Week 1 - Receive 20 MEE / 80 Reserve (20%/80%) Week 2 - Receive 30 MEE / 70 Reserve (30%/70%) Week 3 - Receive 40 MEE / 60 Reserve (40%/60%) Week 4 - Receive 50 MEE / 50 Reserve (50%/50%) Week 5 - Receive 60 MEE / 40 Reserve (60%/40%) Week 6 - Receive 70 MEE / 30 Reserve (70%/30%) Week 7 - Receive 80 MEE / 20 Reserve (80%/20%) Week 8 - Receive 90 MEE / 10 Reserve (90%/10%) Week 9 - Receive 100 MEE / 0 Reserve (100%/0%)
Here are some more details to what it all entails. Vesting period Start week and end week schedule:
The tax levy will automatically hit the second week today at 7PM EST. The start of the new vesting period week will be Wednesday 11/18 at 7:00:01 PM EST. We're working on getting a timer to help users easily track when the vesting schedule is moving onwards to the next week. Reminder: Users need to manually harvest tokens, deposit liquidity, or withdrawal liquidity in order to trigger the harvest function. Triggering the harvest function sends the MEE rewards into the vesting contract to enable the vesting period. We'd like to thank the community for being patient with us and giving valuable feedback!
Mining Reserve: Tokens that do not fully vest will be transferred into a Reserve pool. The community will be able to vote on how this Reserve token pool is used or allocated.