You can relax, because this one is simple. Staking is the profit distribution mechanism of Vesq. It is designed as the dominant strategy for participants; the best thing to do will likely be to just stake, hold, and compound.
Let’s go over how it works:
Staking
To stake VSQ, you go to our website and select “stake.” You will send your VSQto the staking contract and receive xVSQ at a 1:1 basis. xVSQ is a transfer-restricted rebasing token and is not meant to be traded or used for anything except holding.
Unstaking
To unstake VSQ, you go to our website and select “unstake.” You send xVSQ back to the staking contract to receive VSQ at 1:1.
Rebase
The protocol distributes tokens by sending them to the staking contract without asking for xVSQ back. This increases the ratio of VSQ staked to xVSQ outstanding, and results in a rebase to correct the difference.
For example: there are 500k VSQ staked and 500k xVSQ outstanding. The protocol produced $5k profit for the day, which it uses to mint and back 5k VSQ. It sends those VSQ to the staking contract; there are now 505k VSQ staked and 500k xVSQ outstanding. xVSQ supply needs to increase by 5k, or 1%, to return to balance. So, xVSQ is rebased up by 1%.
The only caveat is that rebases occur retroactively. The end of epoch 100 triggers a rebase of profits from epoch 99. This delay lets you see what you’re missing if you want to unstake or what you’ll get if you want to stake.
Twitter: @VESQHQ
Medium: vesq.medium.com
Telegram: t.me/vesqhq
Discord: discord.gg/KVFbg7q
Website: vesq.io
Legal Disclaimers
The information provided in this Medium Post pertaining to Vesq,
Inc. (“Vesq” or the “Company”), its crypto-assets, business assets,
strategy, and operations, is for general informational purposes only and is not
a formal offer to sell or a solicitation of an offer to buy any securities,
options, futures, or other derivatives related to securities in any
jurisdiction and its content is not prescribed by securities laws. Information
contained in this Medium Post should not be relied upon as advice to buy or
sell or hold such securities or as an offer to sell such securities. This
Medium Post does not take into account nor does it provide any tax, legal or
investment advice or opinion regarding the specific investment objectives or
financial situation of any person. Vesq and its agents, advisors,
directors, officers, employees and shareholders make no representation or
warranties, expressed or implied, as to the accuracy of such information and Vesq expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Vesq reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Vesq nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post.
Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters
discussed in this Medium Post.
