$esNLP

In the NetLink Protocol, $esNLP (escrowed NetLink Protocol) serves as a mechanism to distribute rewards to validators in a sustainable manner, minimizing immediate sell pressure on the $NLP token and promoting long-term network stability. Validators receive $esNLP tokens for their contributions, which vest linearly over 30 days, gradually converting into fully liquid $NLP tokens.

How esNLP Works: Validators receive $esNLP tokens based on the amount of bandwidth they contribute and the duration of their node operation. These tokens are credited to their accounts and subject to a 30-day linear vesting period. During this period, $esNLP tokens gradually convert into $NLP tokens, ensuring a steady and controlled release. Validators can monitor their vesting progress through the NetLink Protocol platform, which provides detailed information about their token holdings and vesting schedule.

Benefits of esNLP: The $esNLP system offers multiple benefits. It helps mitigate immediate sell pressure, contributing to greater market stability and reducing the risk of significant price fluctuations. The mechanism also encourages validators to remain committed to the network for extended periods, promoting long-term stability and engagement. By vesting rewards over time, the protocol ensures that validators have a continuous incentive to support and maintain their nodes, fostering a balanced and transparent reward system.