Lockup: Empowering Decentralized Fund Distribution and Vesting Contracts

Lockup Dapp
Lockup Dapp
Published in
2 min readMay 18, 2023

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Introduction

Lockup is a service designed to facilitate the secure and non-custodial distribution of funds among users while offering robust vesting contract functionalities. With a fully decentralized approach, Lockup ensures that users have complete control over their funds by creating individual contract instances without any private keys accessible to third parties.

Fully Decentralized Fund Management

Lockup’s primary objective is to provide users with full control over their funds. With Lockup, users are able to independently manage their vested tokens, view distribution schedules, and easily claim tokens.

Redefining Lockup Ownership

Lockup introduces a novel feature that enables the owner of a lockup to be redefined during its creation. This capability grants users the ability to transfer ownership of a lockup if needed, ensuring the seamless management of funds and contractual obligations. This dynamic ownership feature enhances the usability and adaptability of Lockup, making it a reliable tool for users across various scenarios.

All you need to do is

  • Connect your wallet to Lockup
  • Claim unclaimed tokens by clicking “Claim All”
  • Sign the transaction

That’s it!

Conclusion

Lockup revolutionizes fund distribution and vesting contracts through its decentralized approach, ensuring users have complete control over their funds and contractual agreements. By offering lockups for partners and backers, compatibility with DAOs, customizable vesting options, and dynamic ownership redefinition, Lockup empowers users with the tools they need for efficient and secure financial management. With Lockup, users can confidently embrace the future of decentralized finance while unlocking new possibilities for collaboration and investment.

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