Token Vesting
Learn how to set up token vesting for your sale on Fjord and how it works using our Sablier integration.
Last updated
Learn how to set up token vesting for your sale on Fjord and how it works using our Sablier integration.
Last updated
Some sales on Fjord include vesting, which means your tokens are released gradually over time instead of all at once. Vesting is handled through Sablier, a trusted streaming protocol that lets you track your token distribution in real time.
After the sale ends, you’ll receive a link to view your personal vesting stream on Sablier. This stream is represented by an NFT in your wallet and updates automatically as tokens unlock.
Better Entry Opportunities Vesting sales often offer more favorable pricing, rewarding early supporters who are aligned with the project’s long-term goals.
Stronger Project Alignment This structure mirrors the approach taken by VCs and long-term backers—supporting the project over time and helping ensure healthy token distribution.
On the live sale page (above the price chart), you’ll see whether vesting is enabled. If it is, it will display: Vesting: Enabled You’ll also be able to view the vesting duration, any cliff period, and the start time before buying in.
To review the vesting terms for an sale, head to the additional details section below the chart, expand the section that references token vesting.
Token Vesting: This feature is activated, indicating that tokens will be released over a set period rather than all at once.
Vesting Schedule: Displays key dates and times for the vesting period's start and end, aligned with the LBP's conclusion.
Vesting Cliff: Shows if a cliff is set, a specific time when the token distribution begins.
Sablier Streaming: At the sale end, you can view your token vesting stream NFT on Sablier, providing a transparent and live tracking method for your vested tokens.
At the end of the sale you will need to redeem your purchased tokens.
Once that is complete you can then view your Vesting Contract on Sablier by clicking the button below 'Redeem Tokens'. This will take you to the Sablier app where you will need to connect your wallet, at which point you will be able to view your vesting streams:
Token Vesting with Sablier:
Sablier's Lockup Linear vesting contracts are elegantly straightforward. They allow for a constant and predictable flow of tokens to recipients over time, visualised as a straight, ascending line on a graph. This means that over the duration of the vesting period, the same amount of tokens is released per second, providing clarity and simplicity for both project creators and recipients.
Understanding Cliffs:
To offer even greater control, we've incorporated the ability to set a "cliff" within these vesting contracts. A cliff acts as a threshold that must be reached before any tokens are released. Until this point is reached, the tokens accumulate but remain inaccessible. Once the cliff is passed, the accrued tokens become available, and new tokens continue to stream at the predetermined rate.
This mechanism is perfect for creators looking to establish a vesting schedule that aligns with project milestones or employee tenure. For example, you might set a 1-year cliff, after which linear vesting continues for 3 years.
