preAMP Conversion Scheme
Last updated
Last updated
$preAMP will be converted to $AMPLY over a 3 month period.
The first 10% will be immediately unlocked at time of conversion, followed by a 1 month freeze. After this freeze period, there will be a 2 month period where an equal amount of $AMPLY will be unlocked every day.
For example, let’s assume you have 1000 $AMPLY. Using 6 Nov as the conversion date:
On 6 Nov:
10% of your $AMPLY (100 tokens) is unlocked upfront which can be claimed to your wallet, OR
100% of your $AMPLY (1000 tokens) can be staked for 3 months
From 6 Nov - 6 Dec:
No additional tokens will be unlocked during this period.
During this time, you may choose to stake the remaining $AMPLY for 3 months in order to earn extra yield while waiting for the tokens to unlock.
From 6 Dec - 6 Feb:
An equal amount of $AMPLY will be unlocked daily during these 2 months.
If you choose not to stake your $AMPLY, you can instead withdraw them as they unlock.
From 6 Feb - 6 Mar:
On 6 Feb, all of your $AMPLY will be unlocked and can be fully withdrawn
You need to claim all $AMPLY by the claim deadline of 6 March (1 month after Full unlock). All unclaimed AMPLY after the claim deadline will be forfeited
