🔄Conversions & Claims
After battles and as coins get "rekt", holders need to understand how to manage their holdings through conversions and claims.
TLDR:
Holders of losing coins can convert to winning coins
Stakers have special conversion and claim processes
Chained conversions handle multiple consecutive battles automatically
Always check your wallet for pending conversions or claims
Standard Conversions
If your coin loses a battle:
Navigate to your wallet view
Find the rekt coin
Click to convert it to the winning coin
Receive your share of the winning coin based on the conversion rate
The conversion rate is the same for all non-staking holders of the losing coin.
Staker Conversions and Claims
If you staked to propose a battle, the process is slightly different:
For losing battles:
Your staked coins are automatically converted (at a slightly worse rate)
Navigate to the battle proposal
Claim your converted coins
For winning battles:
Navigate to the battle proposal
Unstake your original coins
Claim your victory bonus (currently 10% of the losing coin's liquidity)
Chained Conversions
If a coin you're supposed to convert to has been subsequently rekt:
The protocol handles multiple conversions automatically
You'll be able to convert directly to the most recent winning coin in the chain
No additional cost or action required from you
Tips for Managing Conversions and Claims
Regular Checks: Frequently check your wallet for any pending conversions or claims.
Don't Delay: While there's no time limit on conversions, converting quickly allows you to participate in new opportunities.
Understand the Rates: Be aware that stakers in losing battles get a slightly worse conversion rate. (as a penalty for being an aggressor in a losing battle!)
Track Chained Conversions: If you've been away, check the battle history to understand any chained conversions.
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