veSAIL is the vote escrowed token of AdmiralDAO, veSAIL allows SAIL holders to lock their tokens in an escrow contract without the current lock-in time and earn additional SAIL, while your voting power in the DAO remains intact, veSAIL can be used in governance, You can receive a percentage of Clipper's protocol fees!โ
To get veSAIL, SAIL Holders should STAKE their SAIL in the escrow contract and receive veSAIL.๐ดโโ ๏ธ
Steps to convert SAIL to veSAIL:
1๏ธโฃ-Go to the following page and connect your wallet (ETH network): https://clipper.exchange/app/liquidity/stake/sail
2๏ธโฃ-Enter the amount of SAIL you want to stake.
Note: The conversion rate of veSAIL to SAIL changes over time and you can see the current rate on stake page.
3๏ธโฃ-Once the transaction is completed, your return will start growing at the current Staking APY rate listed on the veSAIL dashboard!
Note: veSAIL empowers SAIL holders to see a return on their token holdings.
Note: To convert veSAIL to SAIL, you can do it easily by clicking unstake!
If you haven't STAKE your $SAIL yet, Let's convert SAIL to veSAIL and get the next valuable REWARDS and EARN YIELD on your $SAIL tokens!๐ฅ