oSAIL is the emissions token distributed to liquidity providers. It offers two possible paths: lock it into veSAIL to participate in governance and earn trading fees, or redeem it for liquid SAIL at 50% of the current spot price at time of redemption, paid in USDC. Of the 50% exercise fee charged upon redemption, 45% is used to buy SAIL from the market, locked into veSAIL and redistributed to veSAIL voters and 5% is allocated to the Full Sail treasury. oSAIL also has a 4-week expiry that begins at the start of the epoch in which it is claimed. After expiry, oSAIL can no longer be redeemed for SAIL and may only be locked into veSAIL. oSAIL serves as the bridge between short-term LP rewards and long-term alignment with the protocol. It gives users optionality while reinforcing sustainable incentives.
OptionSAIL received per oSAILExercise feeAvailable for sale
4 year lock1.00 (100 %)0At lock expiry
2 year lock0.75 (75 %)0At lock expiry
6 month lock0.5625 (56.25 %)0At lock expiry
Cashout now1.0050% of spot price paid in USDCImmediately
oSAIL emissions are allocated based on the following: Pool Rewards Δ=0.5⋅ΔROE+0.5⋅ΔVOL‾[−10%,+10%]\text{Pool Rewards } \Delta = 0.5 \cdot \Delta_{\text{ROE}} + 0.5 \cdot \Delta_{\overline{\text{VOL}}} \quad \left[ -10\%, +10\% \right] where ΔROE=ROEn−1ROEn−2−1\Delta_{\text{ROE}} = \frac{\text{ROE}_{n-1}}{\text{ROE}_{n-2}} - 1 ΔVOL‾=VOL‾nVOL‾n−1−1\Delta_{\overline{\text{VOL}}} = \frac{\overline{\text{VOL}}_n}{\overline{\text{VOL}}_{n-1}} - 1