Unlocking mSHERP
Understanding the mSHERP unlocking process
After the time-lock elapses a user can claim their principal mSHERP. This will convert it back into $SHERP at the exact same conversion ratio they originally minted mSHERP at.
Note:
E.g., If a user a converted 3.5M $SHERP to 4.94M mSHERP at 1:1.41 ratio for locking the full two years, they will receive their original 3.5M $SHERP principal back.
Rewards Unlocking
The mSHERP rewards that have been accrued as a result of staking and/or other incentivized protocol activities have separate time-lock requirements than stated above. Specific info about unlocking mSHERP rewards can be found in Vested Rewards.
Impact on Benefits
All staking dependent VIP tiers (non NFT) will be forfeited once mSHERP is claimed, and any further ownership rights on published strategies will be permanently transferred over to the protocol.