Vesting is a primary mechanic for token grants that allows ownership (or rights) to accumulate based on time of employment and other milestones.
Most token and equity grants have some form of vesting attached to their underlying asset. This is to ensure that stakeholders are rewarded for their continued time and efforts, and to help protect the asset from excess liquidity at one time.
There are two types of vesting that can be applied to token grants:
Time-based vesting. The grant vests additional tokens (or rights to tokens) according to a fixed, time-based schedule. This can sometimes occur after a cliff date, which is the earliest date the first set of tokens is considered vested (usually one year).
Milestone based vesting. This type of vesting can generally include custom triggers and situation-specific events. For instance, a portion of the tokens might not vest until a certain sales quota is hit, or a certain token price is reached.
Grants may also include a double trigger, which can be applied to both time and milestone vesting schedules.
Create a Vesting Schedule
Vesting schedules can be created and edited under 'Token Cap Table -> Vesting" on the left side navigation menu.
Select the Actions dropdown in the upper right hand corner to create a new vesting schedule.
Name your Vesting Schedule, select whether there's a cliff, and cliff details. Once populated, click "Add Vesting Schedules". Congratulations! You've created a vesting schedule.
Edit a Vesting Schedule
Need to make an edit to a vesting schedule? Select the Vesting Schedule (hyperlinked in green) to make edits.
Note: Editing a vesting schedule impacts both historical and future vesting events for all securities using that schedule. The system will regenerate all vest events to match the updated schedule.