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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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proxy
@proxystudio.eth
yes, makes sense to me. thank you for the clarification I highly doubt this will be easy for a lot of users to understand though, might be useful to have it visualized in some way on airstack's website
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Trebor🎩🟡
@trebor69
i admit i dont get it lol but i did understand one thing.. (maybe) you cant cheat the vesting, but you can sell your profits.. is this correctt?
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
if your surplus is greater than what's unvested, you can transfer it
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