Conversion

Flack Exchange: Mastering xFLACK Conversion and Redeeming

🔄 The Dynamics of xFLACK Conversion

Flack Exchange offers a fluid conversion system between its native tokens, allowing users to navigate between FLACK and xFLACK with ease.

1️⃣ GRAIL to xFLACK Conversion

  • Instant Transformation: Convert FLACK to xFLACK instantly at a 1:1 ratio, ensuring a straightforward and efficient process.

2️⃣ xFLACK to FLACK Redeem

  • Vesting-Based Conversion:

    • ⏳ Selectable Duration: Users can choose their vesting period, influencing the conversion ratio.

    • 📈 Ratio Variance: A minimum 15-day vesting provides a 1:0.5 ratio, while the maximum 6-month vesting offers a full 1:1 ratio.

    • 🔥 Burn Mechanism: For vesting durations less than the maximum, the excess FLACK (ratio < 1:1) is burned, ensuring balance in the ecosystem.

🏦 Dividends Allocation During Redeem

  • Automatic Allocation: Half the value of the redeeming xFLACK is automatically allocated to the Dividends plugin.

    • Example: Redeeming 1000 xFLACK equates to dividends as if 500 xFLACK were allocated.

  • 🔄 Auto-Cancellation: This allocation ends once the vesting period concludes.

✖️ Cancel Redeem Option

  • Flexibility to Withdraw: Users can interrupt the redeem process at any point.

  • Voided Process: Cancelling the redeem before completion voids the process, returning the full amount of xFLACK without converting any to FLACK.

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