Conviction Documentation

Exit before maturity

Know the principal cost and the reward consequences.

The penalty falls with time

Only flexible locks can exit before maturity, and only their owner can submit the exit. No early exit positions must reach maturity first. A flexible lock's principal penalty falls linearly from its saved initial rate toward its final rate. The contract rounds down; the example shows how time changes the amount returned.

1,000 tokens locked for 100 daysSaved penalty: 25% initial, 0% final
Day 50 of 100
Penalty rate12.5%Tokens deducted125Tokens returned875

Move the slider to see what an early exit would return. Waiting lowers the principal penalty.

Illustrative flexible lock with unchanged terms. Reward forfeiture and token transfer costs are separate. Your position uses its own saved rates; even a nonzero final rate becomes zero at maturity.

Review both costs

  1. Open Exit early

    Check the principal amount returned, the penalty in the locked token and the remaining commitment time.

  2. Review reward forfeiture

    Any unvested campaign rewards are forfeited separately from the principal penalty. Every unclaimed Community reward on the exiting position is also forfeited immediately. Vested campaign rewards and Community rewards claimed before the exit remain yours. If reward accounting cannot be confirmed, the app marks that uncertainty.

  3. Confirm the exit

    The transaction closes the entire position. Its maximum accepted principal penalty is enforced at execution. Once the position has matured, use Claim instead.

Other active locks of the same token that became eligible before the exit block share up to 90% of the principal penalty, in proportion to their actual principal. The total Community allocation is capped when their combined principal is smaller than the exiting position's principal, so the balance joins the buyback share. The exiting position receives none of its own penalty. At least 10% is reserved for CONV buyback and removal, and the entire penalty follows that path if no other position qualifies. Individual shares round down; raw-unit dust stays in the community reserve. The buyback share of a CONV penalty is removed from circulation directly. Other tokens await a trading route with enough liquidity; that conversion can be delayed or unavailable.