Haven1
  • Get started
    • ๐Ÿง‘โ€๐Ÿš€Welcome Havenauts!
    • ๐Ÿ“„Haven1 Litepaper
    • ๐ŸงฎH1 Tokenomics
  • Foundations of Haven1
    • ๐Ÿ“Architecture & network design
    • ๐Ÿ”Network-level security
    • ๐Ÿ“šHaven1 Core protocols
    • ๐Ÿ’ฑBest in class liquidity
    • ๐Ÿ‘ฎNetwork Guardians: Firewall on Haven1
    • ๐ŸŒ‰hBridge: Intro to Haven1 Bridge
  • Learn
    • ๐Ÿ’ตWhat does Haven1 solve?
    • ๐Ÿ’กHaven1: Use Cases
    • ๐Ÿ“šUnderstanding GoQuorum
    • ๐Ÿ”คHaven1 Blockchain basics
    • ๐Ÿ›‚KYC policies on Haven1 blockchain
    • Security at Haven1
    • ๐Ÿ”“What is esH1?
    • โš–๏ธDispute resolution mechanism
    • ๐Ÿ›ฃ๏ธHaven1 Roadmap
    • ๐Ÿ–ฅ๏ธHaven1 is EVM compatible
  • Products
    • ๐Ÿ”ƒhSwap - Spot DEX on Haven1
    • ๐Ÿ“hsETH on Haven1
    • Earn on Haven1
    • ๐Ÿ›ก๏ธ2FA Wallet Shield
    • ๐ŸงŠHaven1 block explorer
    • ๐Ÿ›๏ธGovernance & veH1
    • ๐Ÿ†”hPassport - Key to Haven1
      • Advantages of having ID verification at a network level
      • Understanding the ID Verification Process
    • ๐Ÿ’ผVesting esH1 - Converting esH1 to H1
    • ๐Ÿ“Staking H1 & esH1 - Earning rewards on your H1 holdings
      • Flexible Staking
      • Locked Staking
  • hPerpetuals - Perps DEX on Haven1
  • Haven1 Guides
    • ๐Ÿ”—Quick links
    • โœ…Haven1 onboarding Guide
      • ๐ŸชชKYC Guide
      • Business KYC(KYB) Guide
    • Adding multiple wallets to a hPassport
    • ๐ŸŒ‰Simple Bridging Guide on Haven1 network
    • ๐Ÿ Haven1 Portal - Your Gateway into Haven1
    • ๐Ÿ”‘2FA Set up Guide
    • ๐Ÿค‘Haven1 Airdrop: Claim Process and Strategies
    • Claim Process Walkthrough on Team Finance
    • ๐Ÿ“„Contract Addresses
  • Build
    • ๐Ÿ“–Getting started
    • ๐ŸŒHaven1 Network information
    • ๐ŸฆNovel developer benefits on Haven1
    • ๐Ÿ“‘High level guide for secure deployment
    • โš™๏ธDetailed deployment Guide
    • ๐ŸงฐDeveloper tools
      • ๐Ÿ‘›Haven1 Gnosis Safe wallet
      • ๐Ÿ› ๏ธHaven1 SDK
        • ๐Ÿ”Œ@haven1/sdk-api-client
          • Class: Haven1SDK
          • Class: AuthModule
          • Class: SdkModule
        • โ›“๏ธ@haven1/blockchain-sdk
          • Contracts
        • ๐Ÿงฐ@haven1/wagmi-sdk
          • Constant Module
            • Variable: haven1Devnet
            • Variable: haven1Testnet
            • Variable: H1
          • Contract Module
            • ProofOfIdentity
            • ProofOfIdentityV2
            • NativeAppFee
          • Utility Module
            • bigIntMax
            • formatBigint
            • bigintFromDecimals
          • Hook Module
            • useWatch
            • useBalance
            • useApproveERC20
            • useContractWrite
        • โš›๏ธ@haven1/react-sdk
          • useHaven1SDK
          • useAuth
          • useIdentity
          • useNotifications
          • useOTP
          • useSignIn
        • ๐Ÿ“œUse cases & Examples
          • Adding the Notification Component to Your React UI
          • Check Proof of Identity (POI) Status
      • Oracles on Haven1
      • Subgraph on Haven1
      • Haven1 block explorer
      • Web3 libraries and tools
    • Development frameworks
    • ๐Ÿ”Using hPassport in Your dApps
      • Integrating hPassport into Your dApp
      • Implementing Identity Checks in Smart Contracts
        • Country codes
      • Sample Application - Country ID
      • Sample Application - Composable verification level
      • Sample Application - User type
      • Repository Information
    • โ›ฝApplication fees
      • FeeContract.sol
      • Example FeeContract Interactions
      • Case Studies
    • ๐Ÿ‘ทBuilders grants program
  • Additional resources
    • ๐Ÿ“šHaven1 terminology
  • Quick Links
    • Website
    • Twitter
    • Blog
    • Telegram
    • Customer Support
Powered by GitBook
On this page
  • How Vesting Works
  • Application Fees
  • Important Considerations
  • Summary
  1. Products

Vesting esH1 - Converting esH1 to H1

Vesting is the process of converting esH1 into liquid H1, block by block, over a 365 day period

PreviousUnderstanding the ID Verification ProcessNextStaking H1 & esH1 - Earning rewards on your H1 holdings

Last updated 19 days ago

Direct link to esH1 Vesting page

Vesting esH1( involves the conversion of escrowed H1 (esH1) into the liquid H1 token over a 365-day period. This process is designed for users who prefer to gradually turn their non-transferable esH1 into H1, which can be freely traded or used on the Haven1 network.

How Vesting Works

  1. Initiating Vesting: Users can start the vesting process with a minimum of 0.01 esH1. The process is straightforward and managed through the Haven1 Portal by going . Note that vesting will incur a standard 1$ application fee paid in H1.

  2. Vesting Period: Vesting occurs linearly over 365 days. The esH1 tokens gradually convert into H1 tokens during this period, ensuring a controlled release into the user's wallet. As an example, if you vest 365 esH1, you would have 100 H1 available to claim after 100 days, 200 H1 after 200 days and so on.

  3. Track ongoing vestings & Claiming Vested H1: Users can check the ongoing tranches of vesting and claim their converted H1 tokens at any point by going during the vesting period. Once claimed, these tokens are fully liquid and can be used or traded on the Haven1 network.

Note: Claiming the vested H1 will incur a standard 1$ application fee paid in H1.

Application Fees

  • Vesting and Claiming Fees: Initiating vesting and claiming vested tokens each incurs a standard application fee of $1 worth of H1, covering the operational costs of processing these transactions.

  • Given the fee considerations, it would not be prudent to vest small amounts of esH1 or claim small amounts of vested H1

Important Considerations

  • No Locked Staking Benefits: esH1 undergoing vesting does not accrue staking rewards. This process is solely for converting escrowed tokens into their liquid form.

  • No Governance Participation: Vested esH1 does not confer governance rights during the vesting period, as it is not locked.

  • User Decision: The choice to vest esH1 is at the userโ€™s discretion, based on their need for liquidity or personal financial strategy. The platform does not advocate or advise on the decision to vest, recognizing that each user's circumstances are unique.

Summary

The vesting process for esH1 on Haven1 allows users to convert their non-transferable esH1 into liquid H1 tokens in a controlled and predictable manner. This guide is intended to provide a clear understanding of how vesting works and to demonstrate the process through a user-friendly interface on the Haven1 platform.

๐Ÿ’ผ
What is esH1?)
here
here