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proxy
@proxystudio.eth
@betashop.eth @alexcomeau to clarify, if I use vesting moxie to buy Fan Tokens and sell those fan tokens for a profit, is that profit subject to the same vesting terms as my airdrop? I'm assuming yes, but wanted to confirm
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
any surplus is yours to do whatever you want
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proxy
@proxystudio.eth
oh interesting! when I sold a few fan tokens, the moxie was transferred back to the vestingcontract, so assumed any profits were vesting
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
IMPORTANT CAVEAT if you put all 180 unvested moxie into Fan Tokens, and they are vesting 1/180th per day lets say 10 of those moxie are used for a FT that you get 20 back on when you sell you now have 20 in your unvested contract, and 160 in fan tokens tomorrow you unvest 1 of 180. And you can withdraw 1. Why? because you can't withdraw all 20 because the 160 you have in fan tokens could lose value. if rather you had put 100 of those moxie into fan tokens that are now they are worth 200 when you sold them, so now you have 200 in your unvested contract and 80 in Fan Tokens. You now have 200-180 = 20 that you can withdraw fee and clear. Make sense? Short story: if you have more in your Unvested Contract than the total amount required to vest, then you can withdraw that surplus
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not_not_Duna 🍖➰🎩
@imduna.eth
@betashop.eth What if I sell only the profits? Say I bought FT for 1000 moxie, and it made 500 moxie profit. if I sell 500 moxie worth of FT, will it take the relative part of the cost back to the vested and the relative part of the profit to me?
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
Jason has $30 💸 in his piggy bank 🐷 He's allowed to take out $1 every day starting tomorrow 💸 - but he can also use the $30 to buy Apples 🍏 jason buys $30 worth of 🍏 today and lo an behold there's someone who wants to buy Jason's 🍏 for $50! Jason sells the apples and puts $50 💸 in the 🐷 Tomorrow, how many 💸 can Jason take out tomorrow? The answer is 21 💸 because then he still has the required 29 left the next day, 28 the next day, etc.
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baubergo
@baubergo-
Then, you need to sell all your position and profit to take out the profit out of the vested “prison”, right? If you sell just the difference, it will count as only one part of the vested, right? I think this is super smart to keep less pressure in selling btw
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not_not_Duna 🍖➰🎩
@imduna.eth
this is what I understand from it exactly. Like we need maybe an animation of a bottle of water or something but, first comes the unvested. I have only 1 outstanding query here, and its what happens when the tokens bought with a mix of unvested and free moxie
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