OpenVest

Openvest allows you to create vested token allocations for company employees. A company can create its on-chain treasury account, and use that to create vested token allocations for its employees.

Features

• Create Treasury Account for the Company, with desired token and amount of tokens to lock in treasury
• Use the Company Account to create vested token allocations for its employees
• Company Owner can choose start date & time, end time, cliff period(the duration for which tokens are locked) and the beneficiary(employee)
• Employee can claim their allocation after the cliff period ends with entire allocation claimable only during the end time

How it works

It follows a Linear Vesting Schedule.

Program Implementation

The core functionality is implemented in Rust using the Anchor framework:

• create_vesting_account: Creates the company vesting account along with the associated treasury account(which would contain the total amount of tokens)

• create_employee_vesting: Creates the employee vesting account with given start time, end time, and cliff and beneficiary, along with employee allocation

• claim_tokens: Allows the employee to claim his allocation after the cliff period, by transfering some % of employee allocation amount of tokens from the treasury account to the employee