Management of Vestees
Guaranteeing the On-Chain Distribution to Vestees
Last updated
Guaranteeing the On-Chain Distribution to Vestees
Last updated
Vestees within the Maven Finance ecosystem represent stakeholders such as team members, partners, investors, and advisors who have vested interests in the growth and development of the platform.
Maven Finance's Council plays a crucial role in the management of these vestees.
The Council has the authority to add new vestees.
This process typically involves identifying individuals or entities that bring substantial value to the ecosystem, whether through their skills, resources, or strategic networks.
Once identified, the Council can formally add them as vestees, granting them a vested interest in Maven Finance from the reserves.
Careful consideration of the vestee's role, the expected contributions to Maven Finance, and other relevant business or technical aspects will govern their vesting terms.
In detail, these vesting terms include:
Vesting Duration: The total time period over which the vestee's interest is set to vest.
Vesting Cliff: The waiting period before the vestee starts to accumulate vested interests.
Total Allocated Amount: The total amount of interest or assets the vestee is set to receive upon the full elapse of their vesting period.
These terms are set with a view to align with the vestee's expected role and contributions, while also maintaining the integrity and sustainability of Maven Finance.
There may be instances where the Council needs to update the terms for existing vestees.
This could be due to a variety of reasons, such as changes in their roles, the nature of their contributions, or shifts in the strategic direction of Maven.
In such cases, the Council has the authority to modify:
Vesting Duration: The Council may decide to lengthen or shorten the total vesting period based on the evolving contributions of the vestee.
Vesting Cliff: The waiting period before vested interests begin to accumulate may be adjusted to reflect changes in the vestee's role or contributions.
Total Allocated Amount: If a vestee's contributions increase or decrease significantly, the Council may choose to adjust the total amount of interest or assets set to be received by the vestee upon the full elapse of their vesting period.
These modifications ensure that the terms of vesting for each vestee remain appropriate and fair, while still maintaining the health and sustainability of the ecosystem.
In some cases, it may be necessary to remove vestees.
This could be due to a variety of reasons, such as a vestee no longer being able to contribute effectively, a breach of contract, or a shift in the strategic direction of the platform.
The Council has the responsibility to make these sometimes difficult decisions, ensuring that the roster of vestees remains aligned with the best interests of the ecosystem.
In certain scenarios, the Council may find it necessary to temporarily lock a vestee.
This could be a precautionary measure taken in response to unusual activity or as part of a dispute resolution process.
Locking a vestee temporarily restricts their vesting and ability to claim any tokens from the Vesting Contract, and is a mechanism that helps maintain the integrity of Maven Finance.
Through these various mechanisms, the Council plays a vital role in managing the individuals and entities who have a vested interest in Maven Finance, ensuring that all actions taken align with the platform's overarching objectives and community interests.
