Vesting and releases
How creator ETH, team tokens, participant tokens and the airdrop reserve are released, and the optional creator yield.
Vesting bounds by schedule
| Schedule | Cliff | Linear release | Cliff plus release | Starts |
|---|---|---|---|---|
| Creator ETH | 0 to 365 days | 90 to 1,460 days | at most 1,460 days | market opening |
| Team-batch tokens | 30 to 1,460 days | 90 to 1,460 days | at most 1,460 days | market opening |
| Airdrop reserve | 30 to 1,460 days | 90 to 1,460 days | at most 1,460 days | market opening |
| Participant tokens, if staged | 0 to 90 days | up to 365 days | at least 20% free at opening | market opening |
Example schedules
| Schedule | Example parameters | Released at 90 d | 180 d | 365 d | 720 d |
|---|---|---|---|---|---|
| Creator ETH | no cliff, 365 d release | 24.7% | 49.3% | 100% | 100% |
| Team tokens | 180 d cliff, 540 d release | 0% | 0% | 34.3% | 100% |
| Airdrop reserve | 30 d cliff, 90 d release | 66.7% | 100% | 100% | 100% |
All schedules start at market opening, 300 seconds after settlement, and release linearly per second after their cliff. Absolute cliff-end and end timestamps are emitted as events at settlement.
Vesting rules
- Schedules are registered at settlement from the snapshot taken at creation and are irrevocable. No one, the platform included, has a function to withdraw or alter them.
- Team members pull their own share pro rata to their team-batch contribution. Totals reconcile exactly at the end of the schedule.
- Front ends must display the complete timetable, including cliff-end and end dates, before anyone contributes.
Participant release
Participant tokens can by default be claimed in full from settlement. A creator may instead set a staged release through FundVesting at creation: at least 20% at market opening, the rest after a cliff of at most 90 days, over at most 365 days.
The optional airdrop reserve
- At most 5% of supply, with the team batch cap plus the reserve limited to 20% of the tokens a full raise sells.
- The recipient list is supplied and signed by the creator, fixed at creation through its root, hash and URI, and cannot be amended or extended.
- Minted only if the launch settles successfully. A failed launch mints nothing.
- Activated by anyone after settlement. It expires 365 days after the end of its release, or 365 days after activation if that is later; after expiry anyone can trigger the burn of what was not claimed. It is never returned to anyone.
- Delivered by FundDistributor: recipients claim, or anyone pushes tokens to the account in the list.
Optional yield on the creator's ETH
No yield during the raise: contributions stay in FundCore and are not lent, staked or deposited anywhere. After settlement a creator who named a yield venue at creation may move creator ETH not yet withdrawn from FundVesting into that venue, an ERC-4626 vault over WETH. Amounts unlock on the same timetable whether or not yield is active; participant funds, refunds and pool liquidity are never deposited.
Venue adapters are enabled per chain after a 48-hour delay, each with a fixed capacity, and can be disabled at once, which stops new deposits only. None is enabled yet, and on a chain with no enabled venue the option is off. The vault charges no fee and has no fee setting.