e-Ladder

e-Ladder requires a 14-day grace period before conversion.

This means that e-Ladder requires a minimum of 14 days to convert to Standard Ladder Token ($Ladder). This date may be adjusted due to governance, events, etc. Also, the Epoch may be adjusted, as it will default to using the supply from the Treasury and Reward Pool.

Also, not all e-Ladder conversions are possible - there is a set amount that can be converted per day, so if too many people apply in a single day, the e-Ladder may not be able to be converted right away.

e-Ladder is typically awarded as a reward for voting for governance using the Arbitrage pool, ETH deposits, and vst-Ladder tokens. (This can be changed by a governance vote.) Or it can be offered as a limited-time event to encourage auto-compounding.

It can also be offered to early investors or those who contribute to early community building. The e-Ladder offered to them may have a separate pool for staking up to TGE.

The uses for e-Ladder are endless. But it doesn’t have to be used indiscriminately.

The e-Ladder approach is being borrowed by various sectors. Things like Lybra Finance’s esLBR are of this ilk. It is a vesting model that has been around for a while, and it has been proven in a lot of projects. It is a policy that Ladder Finance believe clearly brings the benefits of the token economy.