Cryptosage(Γ,G) retweeted
Diving Deep into Jupiter Lock πͺπ
Jupiter Lock is one of the emerging products from @JupiterExchange, designed to enhance token locking and vesting for projects and individuals.
Itβs a smart, streamlined approach to token management, as it's open-sourced, allowing other projects to implement token vesting schedules mechanism without needing to build a vesting contract from scratch. Additionally, it provides a simple way for non-technical users to leverage this functionality.
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As a security-driven company, Jupiter Lock has undergone audits by @osec_io and @sec3dev. Currently, in Beta, it is still a work in progress, with more features and improvements to be added.
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Steps to Implement and Execute Jupiter Lock
πͺπ Go to: lock.jup.ag/
πͺπ Connect the wallet containing the tokens you want to lock.
πͺπ Click β+ Create Token Lock.β
πͺπ Select the token you wish to lock by pasting the token ticker or the token contract address (recommended for security).
πͺπ Fill in the required details:
- Lock Title
- Intended Lock Amount
- Recipient Wallet Address
- Vesting Start Date
- Vesting Duration and Interval
- Optional Cliff
- Unlock Schedule
- Who can cancel the contract
- Who can change the Recipient
πͺπ Click βProceedβ to execute the lock contract, then return to the home page to view the lock you initiated.
πͺπ You can add additional locks for the same token but with a different vesting schedule by clicking β+ Add another lock.β
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It is important to note that the recipient must manually claim vested tokens when they become available.
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Iβve also added a video tutorial to serve as a guide for those interested in trying it out.
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Jupiter Lock is still evolving, and your feedback is essential. If you have any suggestions or ideas regarding Jupiter Lock, feel free to reach out to @xianxlb
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With Jupiter, the mission remains the same: making DeFi great, accessible and simplified for everyone.
JMJM
Got to try out Jupiter Lock today!ππͺ
Unsurprisingly, the experience was awesome despite not having any technical skills the process is used to be known with before you can execute such activity.
It works for both project that want to vest their project token or an individual who just want to lock token to enhance long-term hold or to prevent paperhanding tokens.
Big ups to @JupiterExchange and @xianxlb
A great job is being done.πͺπΏ
(Putting out a post (soon soon) containing the guide for everyone to also experience it)
Cryptosage(Γ,G) retweeted
Weβre building a database of active Solana wallets with X accounts for an idea we had for the BONKpad.
Every reply will be logged/stored programmatically, no promises on what itβs for but it may come into play.
Comment your wallets below. π
πΆπ€
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