🔓Staked Mage Vesting

MAGE and stMAGE are readily convertible in an omnidirectional manner. However, the direction determines the steps required to acquire each asset type.

MAGE to stMAGE conversion

MAGE can be always be converted into stMAGE any time at a users discretion. The process is instant on-chain and is subject to a ratio of 1:1.

stMAGE > MAGE redemption

The redemption process to convert stMAGE to MAGE is subject to vesting, the duration of which can be flexibly chosen by the user at point of redeeming. The Merlin platform aims to maintain a balanced distribution stream hence all ratio's will increase proportionally with the vesting duration:

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

• The maximum vesting duration of 6 months will provide a 1:1 ratio