xSTEAK Vesting Schedule

STEAK and xSTEAK can be converted into each other within the SteakHut dApp. Converting xSTEAK back to STEAK involves a vesting period.

The user can select the vesting duration when converting xSTEAK to STEAK. The conversion ratio increases proportionally with the vesting duration.

Currently the vesting duration is:

The minimum vesting duration of 15 days will provide a 1:0.5 ratio The maximum vesting duration of 90 days will provide a 1:1 ratio

STEAK-Holders can now vote to change the min. and max. vesting period, either choosing to maintain the current duration or reducing them.