🔓What is esH1?
esH1 is a special token on Haven1, designed to encourage user participation while strategically reducing market liquidity over the long term.
esH1, or Escrowed H1, is a HRC20 token within the Haven1 ecosystem designed to encourage long-term holding and participation. This token is non-transferable, meaning it can not be traded or transferred.
Key Advantages of esH1
Enhanced Staking Rewards: esH1 is the only way to engage in locked staking on Haven1, offering higher rewards than flexible staking methods. This incentivizes you to commit to the platform, securing its operational integrity.
Supporting Token Stability: The escrowing of H1 tokens as esH1 reduces its circulating supply, easing price volatility and promoting economic stability within the ecosystem.
Uses of esH1
Staking: esH1 can be staked either flexibly or by locking. Locked staking involves committing your esH1 for a set period. This commitment is rewarded with significantly higher staking returns.
Vesting: You can choose to vest your esH1, which means the tokens are gradually released over a set period, typically 365 days. This vesting process is linear by design, aligning your commitment with gradual reward distribution.
Summary
esH1 serves as a powerful tool for you if you are committed to the long-term health of Haven1. It allows you to maximize your returns through locked staking, participate in governance, and contribute to the stability and security of the platform.
By choosing to convert you H1 tokens to esH1 and by locking those esH1 tokens, you demonstrate a vested interest in the future of Haven1, earning greater rewards and playing a pivotal role in its governance.
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