README.md

What is Token vesting program ?

A Token Vesting Program is a system used to release tokens gradually over a period instead of giving them all at once. This approach is commonly used in the crypto world to incentivize long-term commitment and avoid sudden dumps in token value.

Excali diagram

Grant State

#[account]
#[derive(InitSpace)]
pub struct Grant {
    pub grant_mint: Pubkey,
    pub employee: Pubkey,
    pub total_amount_locked: u64, // changable state
    pub amount_unlocked: u64,     // changable state
    pub grant_bump: u8,
}

• grant_mint: It is Minting account for Tokens
• employee: Public key of beneficiary
• total_amount_locked: Current total amount stored in Vault
• amount_unlocked: Current total amount which is unlocked from Vault
• grant_bump: bump for Grant PDA,so that we dont have calculate again

GrantShedule State

#[account]
#[derive(InitSpace)]
pub struct GrantShecdule {
    pub cliff_date: u64,             // no change
    pub start_date: u64,             // no change
    pub end_date: u64,               // no change
    pub recent_claim_month: u64, // changable state
    pub total_period: u32,
    pub shecdule_bump: u8, // no change
}

• cliff_date: The cliff period where beneficiary cannot claim tokens at this period.

• start_date: Starting date of the Employee.

• end_date: Ending date of the Employee.

• recent_claim_month: Recently token claim month

• total_period: Total period of Token Vesting

• shecdule_bump: bump for GrantShecdule PDA,so that we dont have calculate again

  Equation used for claulating the Vesting Share amount based on months

  

  Program Status

  • Smart Contract Building ✅(Done)
  • Testing Smart Contract ✅(Done)
  • Frontend Integration 🏗️(Working on it)