Conversion

StakeStone's governance system is built on a vote-escrowed token model that encourages long-term alignment with the protocol. This page explains the processes for converting between STO and veSTO.

STO to veSTO Conversion

Process

1. Navigate to the "DAO" section of the StakeStone dApp and select the "STO <=> veSTO" tab;

2. Enter the amount of STO to be converted to veSTO. Each STO token converts to exactly one veSTO token. The conversion takes effect immediately, with no delay or vesting period;

3. Users' veSTO balance will update immediately after the transaction is confirmed.

veSTO to STO conversion

The process of converting veSTO back to STO incorporates a carefully designed vesting period that ensures protocol stability and protects against potential governance attacks. This balanced approach allows participants to exit their governance position while maintaining the integrity of the StakeStone ecosystem.

Process

1. Navigate to the "DAO" section of the StakeStone dApp and select the "STO <=> veSTO" tab;

2. The conversion maintains a 1:1 ratio throughout the process—each veSTO token will become exactly one STO token once the vesting concludes;

3. The amount of veSTO deposited for conversion enters a 30-day vesting period. During this vesting period, the veSTO is effectively locked—meaning it cannot be used for re-locking, voting, or receiving yield boost benefits;

4. During the 30-day vesting, user can check total claimable STO, different claim orders and the corresponding amount of veSTO in vesting, as well as estimated claimable time for each independent claim;

5. Once the 30-day vesting period concludes, users can claim their STO tokens.

The 30-day vesting period begins at the exact moment users initiate the conversion. This process cannot be cancelled once initiated. If a user has multiple conversion transactions in progress (perhaps initiated at different times), the user will need to claim each one individually as they reach their vesting completion.