Vesting Vouchers
As is shown below, we could simplify Vesting Vouchers as automatically executed safe boxes that are programmed in the form of NFTs. Any ERC-20 token could be locked into this safe box as a Vesting Voucher, with flexible ways to release the lock-up token.
Vouchers as containers
Thus the locked-up assets will obtain the liquidity they never had:
  1. 1.
    Vesting Vouchers could be transferred flexibly as NFTs, and anyone who holds them has the right to claim their lock-up tokens, according to corresponding release rules.
  2. 2.
    Vesting Vouchers could be also traded on open NFT markets. And their holders can borrow against them for lending, or package a group of vouchers and fractionalize them with solutions like Unicly to issue derivatives.
  3. 3.
    Vesting Vouchers are Financial NFTs that are created by Solv's original token standard (an ERC-721 extension that enables quantitative operations for NFTs, most notably splitting and merging). Therefore, vouchers are fractionalized NFTs by default, and they are compatible with all infrastructures that support ERC-721.

Why Vesting Vouchers?

Lock-up Allocations
Most projects reserve lock-up allocations or vesting tokens for their team members or investors as an effective solution for the coherence in long-term interests. By adopting Solv Vesting Vouchers, there will be no need for additional code development for projects managing their allocations, while facilitating an open, transparent, fraud-free OTC market on-chain for trading and lending allocations and their derivatives. Thus, All allocation holders could obtain liquidity in a more efficient way, while the vast majority of users could also participate in this market for their acceptable quota at a relatively low cost.
Initial Voucher Offering (IVO)
While raising funds for a public round, projects could sell their lock-up allocations represented by Vesting Vouchers to investors as an Initial Voucher Offering (IVO). This round is often named as pre-IDO, a financing round before IDO. As a matter of fact, IVO does not necessarily take place before IDO, because allocation sale is an effective way for fundraising without any affection on the secondary market. IVO is an ideal fundraising method for projects of any developmental stage.
Community Building
Lock-up allocations are also a powerful bridge for users and projects. The coherence of users and projects in their interests were usually realized by distributing tokens to users in the past, but too much liquidity in tokens themselves leads to less willingness for users to hold them. Vesting Vouchers are different here. With significantly low costs for distributing lock-up allocations, Vesting Vouchers are more suitable for airdrops or liquidity mining to establish a stronger value network of users, other than spot tokens.
In summary, Vesting Vouchers are a one-step solution for lock-up tokens. They are the perfect containers for locking up tokens with flexible circulation in the form of NFTs.
In fact, scenarios for lock-up tokens are quite common. For example, some projects need to lock up LP tokens to prove that they won't "Rug Pull," once they obtain these tokens after an official market making. Vesting Vouchers are the best fit for this scenario - both the need for lock-up and the liquidity of lock-up tokens when necessary.

Getting Started

Solv Protocol provides a one-stop platform for creating, managing, and trading Vesting Vouchers for project teams:
  1. 1.
    Please contact Solv (Discord) for any ideas on your own Vesting Vouchers.
  2. 2.
    Then submit your token address, project information, and the Vesting Voucher cover to Solv Team, then Solv will whitelist your token.
  3. 3.
    Once your token is whitelisted, you could mint your own Vesting Vouchers, and do operations with vouchers like claim, split, merge, transfer, and list them on Solv Marketplace, etc. All these operations are self-services without any code development or service fees. Solv Protocol only charges a transaction fee of 1.5% of any successful transactions. A detailed tutorial is here.
Last modified 1mo ago