$eSLSD

$eSLSD is a non-transferable token that grants Voting Power within the Structured LSD protocol. There are three ways to obtain $eSLSD:

1. Rewards for liquidity provision

2. Rewards for using our financial products

3. Staking $eSLSD to receive $eSLSD

Conversion: $SLSD -->$eSLSD

$SLSD can be instantly converted into $eSLSD at a 1:1 ratio.

Vesting: $eSLSD --> $SLSD

$eSLSD can be converted into $SLSD through vesting, but this process takes time and the vesting ratio depends on the chosen duration. The calculation formula for the vest ratio is：

$$Ratio = 0.3ln(x)+0.1$$

X represents the duration of the vesting in days, and it is an integer between 1 and 20.

The specific duration and ratios are as follows:

Duration	Ratio	Final amount obtained by vesting 1000$ eSLSD
1 Day	10%	100 $SLSD
2 Days	30%	300 $SLSD
3 Days	43%	430 $SLSD
4 Days	52%	520 $SLSD
5 Days	58%	580 $SLSD
6 Days	64%	640 $SLSD
7 Days	68%	680 $SLSD
8 Days	72%	720 $SLSD
9 Days	76%	760 $SLSD
10 Days	79%	790 $SLSD
11 Days	82%	820 $SLSD
12 Days	85%	850 $SLSD
13 Days	87%	870 $SLSD
14 Days	89%	890 $SLSD
15 Days	91%	910 $SLSD
16 Days	93%	930 $SLSD
17 Days	95%	950 $SLSD
18 Days	97%	970 $SLSD
19 Days	99%	990 $SLSD
20 Days	100%	1000 $SLSD

Note: $eSLSD loses its voting power once it enters the vesting stage. And the losses from Vesting will be rewarded to Diamond Hands.

Cancellation of Vesting

Users can interrupt any $eSLSD vesting process at any time, and the $eSLSD will be returned to the user.