preLVL Vesting Tutorials
preLVL tokens serve as rewards for Liquidity Providers who stake their LLP and LP tokens in liquidity farming. preLVL also functions as an incentive for the loyalty, ladder, and referral programs. The value of preLVL is equivalent to LVL. Users can convert preLVL into LVL through either Normal Vesting or Accelerated Vesting
Vesting preLVL here
Adding preLVL to Metamask
Click Metamask Symbol
Add preLVL token
Normal vesting
What is LVL Normal Vesting?
Users must reserve LVL in LVL staking in order to vest preLVL
Specifically, vesting 1 preLVL requires reserving 10 LVL in LVL staking for 1 year
Users can claim vested LVL, stop vesting and/or unstake at any time.
Start vesting
Click "VEST"
Enter amount of LVL "Reserve for vesting"
Click "Approve preLVL" and sign the pop-up transaction in your wallet
Click "Start Vesting"
Once confirmed in your wallet, you will see a "Successful" pop-up on the LEVEL UI after a few seconds. Your preLVL is now vesting!
Claim LVL
In your unclaimed section, click "CLAIM"
Once confirmed in your wallet, you will see a "Successful" pop-up on the LEVEL UI after a few seconds.
Stop vesting
Click "Stop Vesting"
Once confirmed in your wallet, you will see a "Successful" pop-up on the LEVEL UI after a few seconds.
Accelerated Vesting
What is LVL Accelerated Vesting?
Users may pay fees in USDT in order to vest and receive LVL instantly
To vest and claim 1 preLVL token instantly, users will need to pay a 30% tax in USDT
The taxed USDT will be split 50% to the DAO, and 50% to the LLP
How to vest?
Enter amount of preLVL to vest
Click "Approve preLVL" and sign the pop-up transaction in your wallet
Click "Approve USDT" and sign the pop-up transaction in your wallet
Click "REDEEM"
Once confirmed in your wallet, you will see a "Successful" pop-up on the LEVEL UI after a few seconds.
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