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agora/docs/tech-design/vesting.md
Jack Hodgkinson d484803d9a coordination of technical docs
2022-02-02 14:09:09 +00:00

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Vesting contract technical design

Specification Implementation Last revision
WIP WIP v0.1 2022-01-26

Specification ownership: Emily Martins

Authors:

Implementation ownership: Emily Martins

Current Status:

Vesting contract

In order to distribute governance tokens, one or more vesting contracts may be deployed.

First and foremost, there is a schedule for the distribution of said tokens. Alongside this schedule, we keep track of how much we've distributed so far. This allows us to calculate how much is "due" at any particular time.

To gain intuition, you can think of it being implemented this way:

distributed :: Schedule -> Time -> Value
distributed schedule time = scanl (+) mempty schedule !! time

due :: Schedule -> Value -> Time -> Value
due schedule alreadyDistributed time = distributed schedule time - alreadyDistributed

The vesting contract may require that only an address in a particular set can withdraw from it.

The vesting contract may have an optional escape hatch for trusted authority to recover from a potential DAO operation.