Vesting v2.0
Best-in-class Solution, as Standard
It’s 11pm. You’re about to nod off to sleep after a hard day of shitposting and chart-watching. As you slowly retreat into your daze a thought grips you: wait, didn’t I invest in Project XYZ 6 months ago? I wonder how it’s doing?
You check the chart. Up and to the right — nice. But where the bloody hell are my tokens? I could have sworn I invested on this launchpad, how do I find out where my pretties are?
We’ve all been there (well, maybe without the shitposting). It’s frustrating. You want to know what you invested, what you are owed, and how you can access your tokens.
At Lithium, we made some head roads on this problem with the launch of our vesting platform. In our first iteration, users could see projects that vested on the Lithium platform and where to claim them if they weren’t.
Of course, this solution wasn’t the end-game. In fact, no feature we ever release is. We are always looking to listen to our community, gather feedback, and improve.
Over the last two weeks, we’ve made some changes to our vesting feature to make it truly best-in-class. Let’s dig in.
Problems we are trying to solve
Co-founder Tom is a good Product Manager. He knows to start with problems, not solutions. Starting with solutions is lazy. It puts you down a path of ‘build this feature’ before really considering whether that solves the problem. Good products, from the ironing board to Viagra have one thing in common — they solve real issues.
Here were the problems we identified
- Investors want ‘one source of truth’. They want everything in one place, they don’t want to move around between pages
- Investors want to clearly see vesting schedules, even if the dates aren’t fixed.
- Investors don’t care whether the vesting is 3rd party or not, they want information on the Lithium site
Our solution
Taking this problem, we started building our solution. Codename — Prometheus, a nod to the Greek God known for his foresight.
Here are a few features you need to know about it.
Investment Summary
Ooooh, she clean. For each project you invested in, you’ll now have an investment summary. This shows you how much you invested, the tokens you are allocated and the cost per token.
This information used to be scattered about all the pool pages. No longer. You can now browse all your investments from the comfort of a single page.
Refunds
Lots of our investors were expecting to see their refunds in their dashboard, rather than on the project page. Just like a good French waiter, we believe the customer is always right. We’ve moved refunds into your dashboard. But don’t worry you can also access it via the Project page as well.
TBC Vesting Dates
One of the frustrations with vesting is that the TGE date (the date when tokens are freely tradeable) is a moving goalpost. This means investors are unsure as to when their tokens will be available.
Working with the limited information we have, we can at least show clearly the TBC dates relative to the TGE date.
On legacy projects
God this feature has been a bitch. We have 4–5 different variations of projects due to the changes we’ve made in stuff like allocation logic, raise currency (remember the BNB days?!) and much more.
As a result, this feature won’t work perfectly on old pools, you may not see the BUSD/BNB refund and the vesting points. We could have fixed this but decided there was more important stuff to work on *cough* LithiumPlus *cough*.
We hope you’ll be forgiving and rest assured that for all future projects this feature will work seamlessly.
Thanks a lot and until next time,
WAGMI
Tom, Team Lithium x
