Last Updated on January 28, 2023
- Vested tokens are locked up in a smart contract and are not accessible to anyone until the lock-up conditions are met. Vested tokens cannot be transferred, staked, or used in liquidity provision.
- Audit teams can view and assess vesting contracts for possible tweaks that could alter vesting conditions and release the tokens before the due date.
- Vesting keeps the supply process in check and regulates how new tokens are brought into supply. Project teams usually lock up their token allocation as proof of dedication to the project.
- Vesting schedules define the pattern for the token release after the maturity period has elapsed.