Token Vesting

Vesting with Nexus

Nexus's Lockup Linear vesting protocol ensures a steady and predictable release of tokens to recipients over time. It's straightforward: the same token amount is distributed per second throughout the vesting period. This simplicity benefits both project creators and recipients, providing clear expectations and ease of use.

Understanding Vesting Cliffs

In our platform, you can now implement "cliffs" in your vesting contracts for enhanced control. A cliff functions as a pivotal point that must be achieved before tokens are unlocked. Prior to hitting this mark, tokens accumulate without being usable. Once the cliff is surpassed, accumulated tokens become accessible while fresh tokens keep flowing at the set rate.

This feature caters perfectly to creators aiming to synchronize their vesting schedules with project landmarks or employee longevity. For instance, you could establish a 1-year cliff, followed by ongoing linear vesting for 2 years.

How to set up Token Vesting on Nexus

1. Vesting option

During the setup of your Liquidity Bootstrapping Pool (LBP), you'll encounter the choice to customize token vesting in step 4.

Opt for whether to activate vesting by choosing 'Yes' or to keep tokens immediately liquid by selecting 'No'.

[ Yes / No ]

1. Select End Date

Confirm the initiation date for vesting, which is automatically scheduled to commence after the LBP's conclusion.

Note: The vesting initiation aligns with the LBP's conclusion and remains unalterable unless you adjust the LBP's termination date.

1. Activate Cliff (Optional)

A) Opting Out of a Cliff:

i) If you prefer a straightforward linear token release once the LBP concludes, select "No."

B) Opting In for a Vesting Cliff:

i) If you desire to implement a cliff and have a portion of tokens unlock at a specified future time, choose "Yes."

ii) Then, specify the cliff date, indicating when the initial token portion becomes accessible.

iii) The cliff date must be scheduled after the LBP concludes and must be at least 1 hour if activated. For clarity, the system will indicate the duration from the LBP's end to the cliff date.

1. Establish a Vesting Period

A) Once the cliff is established, you'll specify the complete vesting period — this represents the duration during which tokens will be dispensed to your wallet.

B) The system automatically computes the overall duration from the conclusion of the LBP to the ultimate vesting completion, furnishing you with a comprehensive timeline for token distribution