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

  1. Click Metamask Symbol

  1. 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

  1. Click "VEST"

  2. Enter amount of LVL "Reserve for vesting"

  3. Click "Approve preLVL" and sign the pop-up transaction in your wallet

  4. Click "Start Vesting"

  5. 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

  1. In your unclaimed section, click "CLAIM"

  2. Once confirmed in your wallet, you will see a "Successful" pop-up on the LEVEL UI after a few seconds.

Stop vesting

  1. Click "Stop Vesting"

  2. 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?

  1. Enter amount of preLVL to vest

  2. Click "Approve preLVL" and sign the pop-up transaction in your wallet

  3. Click "Approve USDT" and sign the pop-up transaction in your wallet

  4. Click "REDEEM"

  5. Once confirmed in your wallet, you will see a "Successful" pop-up on the LEVEL UI after a few seconds.

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