Vesting
Vesting contract is a smart contract that locks up funds for a period of time and allows the owner to withdraw the funds after the lockup period.
When a new employee joins an organization, they typically receive a promise of compensation to be disbursed after a specified duration of employment. This arrangement often involves the organization depositing the funds into a vesting contract, with the employee gaining access to the funds upon the completion of a predetermined lockup period. Through the utilization of vesting contracts, organizations establish a mechanism to encourage employee retention by linking financial rewards to tenure.
There are 2 actions (or endpoints) available to interact with this smart contract:
- deposit asset
- withdraw asset
Install package
First you can to install the @meshsdk/contracts package:
Initialize the contract
To initialize the contract, we need to initialize a provider, MeshTxBuilder and MeshVestingContract.
Both on-chain and off-chain codes are open-source and available on Mesh Github Repository.
Deposit Fund
After the lockup period has expired, the beneficiary can withdraw the funds from the vesting contract.
withdrawFund() withdraw funds from a vesting contract. The function accepts the following parameters:
- vestingUtxo (UTxO) - unspent transaction output in the script
Deposit funds into a vesting contract with a locking period for a beneficiary
Connect wallet to run this demo
Withdraw Fund
After the lockup period has expired, the beneficiary can withdraw the funds from the vesting contract.
withdrawFund() withdraw funds from a vesting contract. The function accepts the following parameters:
- vestingUtxo (UTxO) - unspent transaction output in the script
Withdraw funds from a vesting contract
Connect wallet to run this demo