Using the VAC Token
Last updated
Last updated
The VAC token exists in three states within the protocol.
Staked VAC
Vesting VAC
Locked VAC
Staked VAC is VAC that the user stakes in the platform. There is no lockup period, and the Staked VAC is eligible for a share of the protocols profits.
If you received VAC via some type of reward, incentive or airdrop this will be received in the form of Vesting VAC. This is VAC that is eligible for protocol profits just as Staked VAC is, but cannot be claimed to your wallet for 3 months unless half the amount of VAC is sacrificed. Regardless of how far into the 3 month period these vesting tokens are, the amount sacrificed will be the same (50%).
Locked VAC is VAC that the user has chosen to lock into the protocol for a period of three months. These tokens cannot be withdrawn until the period has ended. During this time, they are eligible for a share of the protocol profits just as Staked and Vesting VAC, and additionally Locked VAC earns the Vesting VAC that is sacrificed by individuals exiting their Vesting VAC positions prematurely.
