Vesting

Vesting contracts allows contributors and users that participate in certain programs like farming, to earn SOV assets in a programmed way.

Vesting contracts allows contributors and users that participate in certain programs like farming, to earn SOV assets in a programmed way, avoiding a negative impact in the circulating supply economy of the token -or tokenomics-.

Vesting Contracts Protocol

VESTING CONTRACTS PURPOSE

Vesting contracts allows distribute rewards in a time windows minimizing the impact of additional available liquidity to the SOV price. Vesting contract owners, or tokenOwners are awarded with voting power, but not with claiming rights to the fee sharing contract.

Stakings must be "voluntary" or non related to vestings in order to qualify to rewards from fee distributions.

VESTING CREATION

Vestings can only be created by TimelockOwner contract (by the means of a proposal through GovernorOwner and NOT GovernorAdmin) or the admins designated by a former SIP.

The first step is the creation of the vesting contract through the call VestingRegistry.createVestingAddr.

function createVestingAddr(
        address _tokenOwner,
        uint256 _amount,
        uint256 _cliff,
        uint256 _duration,
        uint256 _vestingCreationType
    ) public onlyAuthorized

Arguments

Name	Type	Description
_tokenOwner	address	the future owner of the vested assets .
_amount	uint256	the net amount to be staked -blockchain format- indicating the date until which to stake
_cliff	uint256	the cliff time window in seconds .
_duration	uint256	the total duration of the vesting in seconds
_vestingCreationType	uint256	the type of vesting contracts to be created(e.g. Origin, Bug Bounty etc.)

VESTING FUNDING

Once the vesting has been created, the admin must first approve the handling of the SOV assets to VestingRegistry. Then the funds can be staked through: VestingRegistry.stakeTokens.

function stakeTokens(address _vesting, uint256 _amount) external onlyAuthorized 

Arguments

Name	Type	Description
_vesting	address	the address of Vesting contract
_amount	uint256	the amount of tokens to stake

VESTING WITHDRAWALS

By default, the staked assets are released to the tokenOwner each two periods of unlock staking checkpoints. When the tokenOwner has available assets to withdraw, they can perform Vesting.withdrawTokens where "Vesting" is the instance of the vesting contract specially created for this user.

function withdrawTokens(address receiver) public onlyOwners 

Arguments

Name	Type	Description
receiver	address	The receiving address