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What is Liquid Vested Token?

Vested Tokens (TOKEN) are tokens that you can receive in a specific time period.

Let’s imagine that Alice promises 120 TOKENs to Bob with a 1-year Vesting. It means that Bob will be able to receive all 120 TOKENs in 1 year.

If Bob claims the tokens after 1 year, he will receive 120 TOKENs.

If Bob claims the tokens after 6 months, he will receive 60 TOKENs.

If Bob claims the tokens after 1 month, he will receive 10 TOKEN.

If Bob claims the tokens after 1 day, he will receive 120 TOKENs / 365 days = 0.329 TOKENs

Basically, Bob can claim the TOKENs every second, however, he can’t receive the TOKENs earlier than they are available.

What is a Cliff?

Cliff is the time between the “Deal” date and the start of Vesting.

It means that Bob can start claiming TOKENs after 3 months from Alice’s promise and receive them during the next 12 months.

If Bob claims tokens after 1 month from Alice’s promise, he will not receive anything.

If Bob claims tokens after 3 months and 1 day from Alice’s promise, he will receive 120 TOKENs / 365 days = 0.329 TOKENs.

If Bob claims tokens after 4 (3 + 1) months from Alice’s promise, he will receive 10 TOKEN.

If Bob claims tokens after 9 (3 + 6) months from Alice’s promise, he will receive 60 TOKENs.

If Bob claims tokens after 15 (3 + 12) months from Alice’s promise, he will receive 120 TOKENs.

What is a Liquid Vested Token?

Let’s imagine that Alice promises 120 TOKENS to Bob with a 3 months Cliff and a 1-year Vesting with the ability to get 120 vTOKENs during the Cliff period.

It means that Bob can claim a total of 120 vTOKENs to his wallet before the start of Vesting. However, he can start Redeeming these 120 vTOKENs for the usual TOKENs after 3 months from Alice’s promise and receive them during the next 12 months.

Bob can’t Redeem tokens after 1-3 months from Alice’s promise.

If Bob redeems vTOKENs after 3 months and 1 day from Alice’s promise, he will receive 120 TOKENs / 365 days = 0.329 TOKENs.

If Bob redeems vTOKENs after 4 (3 + 1) months from Alice’s promise, he will receive 10 TOKENs.

If Bob redeems vTOKENs after 9 (3 + 6) months from Alice’s promise, he will receive 60 TOKENs.

If Bob redeems vTOKENs after 15 (3 + 12) months from Alice’s promise, he will receive 120 TOKENs.

What can I do with Liquid Vested Token?

You can transfer vTOKENs between the different wallets.

You can sell vTOKENs to somebody for a lower price and get your money even during the Cliff period.

v0ABR - you can redeem them with 1-to-1 ratio to ABR immediately because there is no Cliff.

v6ABR - you can start redeeming them with a 1-to-1 ratio to ABR after 6 months, because there is a 6 months Cliff.

v12ABR - you can start redeeming them with a 1-to-1 ratio to ABR after 12 months, because there is a 12 months Cliff.

How to Redeem vABR?

Redeeming will be available soon. There will be an announcement and all the needed guides.

Last modified 20d ago