π Before they can enter the
#EmissionPlan
, users who hold $wsHEC will need to:
1β£ Unwrap $wsHEC to $sHEC
2β£ Unstake $sHEC to $HEC
This does effect users who use their $wsHEC as collateral in
#HectorInstitute
.
2/6π
π If $wsHEC is used as collateral and it is not a good time to liquidate that position, it is okay to wait before unwrapping and unstaking.
π While no rewards will be earned against the
#wsHEC
, there will be support to move it over to the
#EmissionPlan
later if needed.
3/6π
π Each time a batch of $HEC is deposited, an
#ERC
-721
#NFT
is minted that represents the timelocked tokens.
π When the timelock has run out AND the tokens are unstaked, the
#NFT
is dissolved.
π These
#NFTs
are not soulbound.
4/6π
π The Stake page on the dApp will be available until October 31st to make unstaking $sHEC & depositing $HEC into the plan as smooth as possible.
π Afterwards, users will need team assistance to unstake, but there is no danger to the $HEC!
5/6π