⏳xFLY 'Vested Exit' / 'Instant Exit'

In this guide, we'll walk you through the vesting process and show you how to convert back from xFLY tokens to FLY tokens. Let's dive in together!

🔄 Want to go back to $FLY? Here Your Flight Path:

• Open FLY dashboard https://app.fly.trade/fly

• Navigate to the 'Exit to FLY' tab

• Pick your exit strategy: You'll see 2 options: 'Vested Exit' and 'Instant Exit'

Vested Exit:

xFLY may be converted back to FLY by entering into a mandatory 3-month vesting period.

• 14-day cancellation window: Participants have 14 days from the vesting start date to cancel the vesting commitment. Upon cancellation, the participant retains their xFLY.

  • After this 14-day cancellation window, cancellation is not possible, and the tokens enter into the 3 month (90-day) vesting period.

• Participants may choose to exit their vesting early at any time prior to the 90-day completion

  • Exiting Early will result in a penalty on the amount of xFLY being converted to FLY.

• This penalty starts at 50% from the vesting start date and linearly scales to 0% at the end of the 90-day vesting period.

Instant Exit:

Participants may convert xFLY to FLY at any time, without vesting, subject to a 50% reduction penalty. Only 50% of the xFLY converted will be redeemable as FLY in this case.

Tutorial

• For Vested Exit: Enter the amount you want to exit and click 'Create Vest'. You'll have access to an interactive chart of your vesting (hover over it to see vesting amounts and time periods)

• Sign the transaction and you will see your vest that you created

• For Instant Exit: Select the 'Instant Exit' tab and enter your desired amount and click 'Exit xFLY'.

• Confirm Penalty information modal and sign the transaction.

• Mission accomplished! You've successfully converted xFLY to FLY.

Choose the exit strategy that works best for your needs and timeline! Helpful links: 1. xFLY 'Vested Exit' / 'Instant Exit' 2. FLY Key Features 3. FLY token information 4. xFLY and FLY33 tokens information