When setting up a monthly vesting strategy, there are a few key parameters that determine how tokens are distributed:
1. Initial Unlock Percentage
The initial unlock defines the percentage of tokens that are released immediately when the vesting starts. This amount is available for users to claim right away, while the rest follows the vesting schedule.
2. Unlock Percentage per Interval
This percentage determines how much of the original remaining balance (after the initial unlock) is released at each interval. The unlock amount remains fixed throughout the vesting period, ensuring a predictable distribution.
3. Cliff Period
The cliff period is the time users must wait before they can claim any tokens (unless there’s an initial unlock). If a cliff is set, tokens will only start unlocking after the cliff period ends.
Important: If the interval is 1 month, users will receive their first unlock 1 month after the cliff period ends.
Example Scenario
- Total allocation: 18,000 tokens
- Initial unlock: 10% → 1,800 tokens unlocked immediately
- Remaining balance: 16,200 tokens
- Unlock per interval: 10% of the original remaining balance → 1,620 tokens per month (fixed for 10 months)
- Cliff period: 2 months → No tokens are available for claiming until after 2 months (unless an initial unlock is set).