How does Meteora Lock work?
Meteora Lock allows you to lock tokens based on a vesting plan. The vesting plan is defined by the user, specifying how many tokens are released at each time interval.Variables
vesting_start_time
: The timestamp when the vesting starts.cliff_time
: The timestamp when the cliff period ends and cliff tokens can be unlocked.frequency
: The time interval (in seconds) between each period unlock.cliff_unlock_amount
: The amount of tokens to be unlocked at the cliff.amount_per_period
: The amount of tokens to be unlocked at each period.number_of_period
: The number of periods to be unlocked.
Formula
Total Locked Vesting Amount
Benefits
Meteora Lock is made for both projects and users.For Projects
Projects can trustlessly lock tokens for various parties to align incentives. As a project team, you can configure parameters such as vesting, cliff period, unlock schedule. Projects can also burn tokens by setting the recipient wallet address to a burn address and this ensures that actions like dumping are curbed on the team level. These will be embedded into the smart contract and vest accordingly.
For Users
Users can view all locks associated with each token powered by Jupiter Lock. Distribution complexity such as percentage of tokens belonging to different groups (team, DAO, presale, investors) and percentage of tokens belonging to various purposes (airdrop, liquidity bootstrapping) are shown transparently.