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cfevesting

Chain4Energy vesting module - cfevesting

Abstract

Chain4Energy vesting module allows to create and manage vesting pools. One can create a vesting pool in order to lock a certain amount of tokens for a period of time. During this locking period the locked tokens can only be used for continuous vesting accounts creation. The vesting account parameters are calculated from the vesting pool configuration.

Contents

  1. Concept
  2. Params
  3. State
  4. Messages
  5. Events
  6. Queries
  7. Invariants
  8. Genesis validations

Concepts

The purpose of cfevesting module is to provide the functionality of locking tokens in a pool for specified amount of time with the ability of sending those tokens to continuous vesting accounts. The tokens will be still locked on the vesting accounts, and it will not be possible to sent them further until the locking period ends. This allows to create vesting target groups (e.g. validators vesting pool, investors vesting pools). The cfevesting module keeps track of all the vesting pools and vesting accounts and allows to calculate the total amount of tokens in vesting.

Vesting Pool

Vesting pool locks a certain amount of tokens for configured period of time. Each vesting pool has its owner (creator account). A single owner can have multiple vesting pools. Each vesting pool is identified by its unique name (unique among all the pools belonging to a single owner).

Vesting pools have the following parameters:

  • name - unique name (among owner's pools)
  • vesting type - vesting type used by vesting pool (see Vesting Type)
  • lock start - time of pool creation
  • lock end - unlocking time (end of lock period)
  • initially_locked - amount of tokens locked initially in the pool
  • withdrawn - amount of tokens that were already withdrawn from the pool (currently all available (available = initially_locked - sent) tokens can be withdrawn by the owner only after lock end time)
  • sent - amount of tokens that were already sent to vesting accounts from the vesting pool
  • reservations - amount of tokens that were reserved from the vesting pool (reserved tokens are not available for sending to vesting accounts)

VestingPoolReservation

Vesting pool reservation defines amount of tokens reserved in a vesting pool. Vesting pool reservation has the following parameters:

  • id - unique id
  • amount - amount of reserved tokens

Vesting Type

Vesting type defines the parameters of continuous vesting accounts that will be created from a given vesting pool. Vesting type has the following parameters:

  • name - unique name
  • lockup period - period of time when all the tokens in the pool are locked
  • vesting period - period of time when tokens are linearly vested
  • free - the percentage of tokens that will be released at the beginning after sending to a continuous vesting account

New vesting account parameters will be set accordingly:

  • continuous vesting account start time = last block time + vesting type lockup period
  • continuous vesting account end time = last block time + vesting type lockup period + vesting type vesting period

The vesting types are predefined on genesis.

Periodic Continuous Vesting Account

A Periodic Continuous Vesting Account is a type of vesting account that unlocks tokens in a continuous manner over specified periods. It introduces the concept of vesting periods within continuous vesting, allowing for periodic unlocking of tokens. This document provides a detailed explanation of the Periodic Continuous Vesting Account and its functionalities, emphasizing the differences from the standard Continuous Vesting Account.

Account Structure

The Periodic Continuous Vesting Account extends the BaseVestingAccount structure and includes additional fields:

  • StartTime: The time when vesting starts for the account.
  • VestingPeriods: A list of ContinuousVestingPeriod instances representing individual vesting periods.

Additional Functions

AddNewContinousVestingPeriod

This function allows adding a new vesting period to the account. It takes the startTime, endTime, and amount as parameters and updates the account accordingly. This function is used to add new vesting periods to the account, contributing to the overall vesting structure.

GetVestingCoinsForSpecificPeriods

This function calculates the total number of vesting coins for specific periods, based on a given blockTime and an array of period IDs (periodsToTrace). It sums up the vesting coins of the specified periods to determine the total vesting amount during those periods.

Continuous Vesting Period

The ContinuousVestingPeriod structure represents an individual vesting period within the Periodic Continuous Vesting Account. It includes:

  • StartTime: The starting time of the period.
  • EndTime: The ending time of the period.
  • Amount: The amount of coins vesting during this period.

GetVestedCoins

This function calculates the vested coins for a specific vesting period based on a given blockTime. It considers the vesting scalar and computes the vested amount according to the proportional period duration.

Validation

The Periodic Continuous Vesting Account and its components include validation checks to ensure data consistency and accuracy:

  • The start time of a vesting period cannot be after its end time.
  • The total original vesting amount must match the sum of amounts in all vesting periods.

Usage

The Periodic Continuous Vesting Account is designed to manage vesting of tokens in a continuous manner with the added feature of multiple vesting periods. Users can add new vesting periods to the account and calculate vested and vesting coins for specific periods. This account type provides flexibility in managing token vesting for scenarios requiring periodic unlocks within a continuous vesting structure.

Parameters

The Chain4Energy vesting module contains the following configurations parameters:

Key Type Description
denom string Denom of vesting token

State

Vesting pools state

Chain4Energy vesting module state contains vesting pools lists per owner.

AccountVestingPools type

Key Type Description
owner string Owner address
vesting_pools List of VestingPool types Vesting pools of the owner

VestingPool type

Key Type Description
name string unique name per owner
vesting_type string vesting type used by vesting pool (see Vesting Type)
lock_start time.Duration time of pool creation
lock_end time.Duration unlocking time (end of lock period)
initially_locked math.Int amount of tokens locked initially in the pool
withdrawn math.Int amount of tokens that were already withdrawn from the pool
sent math.Int amount of tokens that were already sent to vesting accounts from the vesting pool
reservations []VestingPoolReservation array of vesting pool reservations

VestingPoolReservation type

In the context of a vesting pool, the concept of reservations plays a vital role in managing the allocation and distribution of tokens. Reservations refer to the process of setting aside a specific amount of tokens within a vesting pool for designated purposes. Each reservation is defined by its unique identifier (ID) and the corresponding amount of tokens it reserves.

Key Type Description
id string identifier of a reservation
amount math.Int amount of tokens reserved

Vesting types data dictionary

Vesting types data dictionary contains list of predefined vesting types:

Key Type Description
name string unique vesting type name
lockup_period time.Duration period of time when all tokens are locked
vesting_period time.Duration period of time when tokens are are linearly vested

Vesting account list

Vesting account list contains address of all vesting accounts created with cfevesting module.

VestingAccount type

Key Type Description
id uint64 id of an entity in the vesting accounts list
address string vesting account address

Messages

Create Vesting Pool

Creates new vesting pool for the creator account.

MsgCreateVestingPool can be submitted by any token holder via a MsgCreateVestingPool transaction.

type MsgCreateVestingPool struct {
	Creator     string
	Name        string
	Amount      math.Int
	Duration    time.Duration
	VestingType string
}

Params:

Param Description
Creator Creator/Owner address
Name Vesting pool name
Amount Amount to lock in the vesting pool
Duration Lock duration
VestingType Vesting Type of the pool

State modifications:

  • Validate Creator has enough tokens
  • Generate new VestingPool record for creator/owner
  • Save the record in the owner account vesting pools list
  • Transfer the tokens from the Creator account to cfevesting ModuleAccount.

Send To Vesting Account

Creates a new continuous vesting account and sends tokens from vesting pool to it.

MsgSendToVestingAccount can be submitted by any Vesting pool owner via a MsgSendToVestingAccount transaction.

type MsgSendToVestingAccount struct {
	FromAddress     string
	ToAddress       string
	VestingPoolName string
	Amount          math.Int
	RestartVesting  bool
}

Params:

Param Description
FromAddress Vesting pool owner address
ToAddress New continuous vesting account address
VestingPoolName Vesting pool name
Amount Amount to lock in the vesting pool
RestartVesting Defines how time parameters of new vesting account should be calculatad:
- true:
   continuous vesting account start time = last block time + vesting type lockup period
   continuous vesting account end time = last block time + vesting type lockup period + vesting type vesting period
- false:
   continuous vesting account start time = vesting pool lock end
   continuous vesting account end time = vesting pool lock end

State modifications:

  • Validates if FromAddress owner's vesting pool VestingPoolName has enough tokens
  • If account with ToAddress does not exist creates new periodic continuous vesting account with ToAddress
  • Add a new continuous vesting period to ToAddress account with time params calculated according to the pool vesting type
  • Sends tokens from cfevesting ModuleAccount to ToAddress
  • Updates the vesting pool state

Withdraw All Available

Withdraws all available (unlocked) tokens from the vesting pool back to the owner account

MsgWithdrawAllAvailable can be submitted by any vesting pool owner via a MsgWithdrawAllAvailable transaction.

type MsgWithdrawAllAvailable struct {
	Owner string
}
Param Description
Owner Vesting pool owner address

State modifications:

  • Sends unlocked tokens from cfevesting ModuleAccount to Creator account
  • Updates the vesting pool state

Create Vesting Account

Creates new continuous vesting account and sends token from creator account.

MsgCreateVestingAccount can be submitted by any token holder via a MsgCreateVestingAccount transaction.

type MsgCreateVestingAccount struct {
	FromAddress string
	ToAddress   string
	Amount      sdk.Coins
	StartTime   int64
	EndTime     int64
}

Params:

Param Description
FromAddress Vesting pool owner address
ToAddress New continuous vesting account address
Amount Amount to lock in vesting account
StartTime Vesting start time - unix
EndTime Vesting end time - unix

State modifications:

  • Validates if FromAddress has enough tokens.
  • Creates new continuous vesting account with address equal to ToAddress and time params according to provided data
  • Sends tokens from FromAddress account to ToAddress

Split vesting

Split tokens that are locked in vesting to new vesting account. Total number of tokens in vesting, vesting times and token release speed are preserved. This mechanism can also be called as a "vesting cession".

MsgSplitVesting can be submitted by any vesting account via a MsgSplitVesting transaction.

type MsgSplitVesting struct {
	FromAddress string
	ToAddress   string
	Amount      sdk.Coins
}

Params:

Param Description
FromAddress Vesting pool owner address
ToAddress New continuous vesting account address
Amount Amount of locked vesting to split

State modifications:

  • Validates if FromAddress has enough locked tokens in the vesting
  • Creates new continuous vesting account with address equal to ToAddress and time parameters set to:
    • end time is set to the vesting account end time
    • in the case when the start time of the vesting account is in the future - new account start time = from account start time
    • in the case when the start time of the vesting account is in the past new account start time = transaction time
  • Sends locked vesting from FromAddress account to ToAddress

Move available vesting

Moves all tokens that are locked in vesting to new vesting account. Total number of tokens in vesting, vesting times and token release speed are preserved. This mechanism can also be called as a "vesting cession".

MsgMoveAvailableVesting can be submitted by any vesting account via a MsgMoveAvailableVesting transaction.

type MsgMoveAvailableVesting struct {
	FromAddress string
	ToAddress   string
}

Params:

Param Description
FromAddress Vesting pool owner address
ToAddress New continuous vesting account address

State modifications:

  • Validates if FromAddress has any locked tokens in the vesting
  • Creates new continuous vesting account with address equal to ToAddress and time parameters set to:
    • end time is set to the vesting account end time
    • in the case when the start time of the vesting account is in the future - new account start time = from account start time
    • in the case when the start time of the vesting account is in the past new account start time = transaction time
  • Sends locked vesting from FromAddress account to ToAddress

Move available vesting by denoms

Moves all tokens that are locked in vesting to new vesting account. This message differs from MsgMoveAvailableVesting in that you can additionally provide a list of denominations that are to be taken into account when sending a blocked vesting. Total number of tokens in vesting, vesting times and token release speed are preserved. This mechanism can also be called as a "vesting cession".

MsgMoveAvailableVestingByDenoms can be submitted by any vesting account via a MsgMoveAvailableVestingByDenoms transaction.

type MsgMoveAvailableVestingByDenoms struct {
	FromAddress string
	ToAddress   string
	Denoms      []string
}

Params:

Param Description
FromAddress Vesting pool owner address
ToAddress New continuous vesting account address
Denoms List of denominations to be taken into account when unlocking vesting

State modifications:

  • Validates if FromAddress has any locked tokens (only those highlighted in denoms) in the vesting
  • Creates new continuous vesting account with address equal to ToAddress and time parameters set to:
    • end time is set to the vesting account end time
    • in the case when the start time of the vesting account is in the future - new account start time = from account start time
    • in the case when the start time of the vesting account is in the past new account start time = transaction time
  • Sends locked vesting from FromAddress account to ToAddress

Events

Chain4Energy distributor module emits the following events:

Handlers

MsgCreateVestingPool

Type Attribute Key Attribute Value
EventNewVestingPool owner {owner_address}
EventNewVestingPool name {vesting_pool_name}
EventNewVestingPool amount {vesting_pool_amount}
EventNewVestingPool duration {lock_duration}
EventNewVestingPool vesting_type {vesting_type_name}
message action /chain4energy.c4echain.cfevesting.MsgCreateVestingPool
message sender {sender_address}
transfer recipient {moduleAccount}
transfer sender {owner_address}
transfer amount {amount}

MsgSendToVestingAccount

Type Attribute Key Attribute Value
EventNewVestingAccount address {new_vesting_account_address}
EventNewVestingPeriodFromVestingPool owner {owner_address}
EventNewVestingPeriodFromVestingPool address {vesting_account_address}
EventNewVestingPeriodFromVestingPool vesting_pool_name {source_vesting_pool_name}
EventNewVestingPeriodFromVestingPool amount {amount_to_send_to_new_vesting_account}
EventNewVestingPeriodFromVestingPool restart_vesting {restart_vesting} see Send To Vesting Account
EventNewVestingPeriodFromVestingPool period_id {new_period_id}
message action /chain4energy.c4echain.cfevesting.MsgSendToVestingAccount
message sender {sender_address}
transfer recipient {module_account}
transfer sender {creator}
transfer amount {amount}

MsgWithdrawAllAvailable

Type Attribute Key Attribute Value
EventWithdrawAvailable owner {owner_address}
EventWithdrawAvailable vesting_pool_name {source_vesting_pool_name}
EventWithdrawAvailable amount {withdrawn_amount}
message action /chain4energy.c4echain.cfevesting.MsgWithdrawAllAvailable
message sender {sender_address}
transfer recipient {module_account}
transfer sender {creator}
transfer amount {amount}

MsgCreateVestingAccount

Type Attribute Key Attribute Value
EventNewVestingAccount address {new_vesting_account_address}
message action /chain4energy.c4echain.cfevesting.MsgCreateVestingAccount
message sender {sender_address}
transfer recipient {module_account}
transfer sender {creator}
transfer amount {amount}

MsgSplitVesting

Type Attribute Key Attribute Value
EventVestingSplit source {from_account_address}
EventVestingSplit destination {to_account_address}
EventNewVestingAccount address {new_vesting_account_address}
message action /chain4energy.c4echain.cfevesting.MsgSplitVesting
message sender {sender_address}
transfer recipient {module_account}
transfer sender {creator}
transfer amount {amount}

MsgMoveAvailableVesting

Type Attribute Key Attribute Value
EventVestingSplit source {from_account_address}
EventVestingSplit destination {to_account_address}
EventNewVestingAccount address {new_vesting_account_address}
message action /chain4energy.c4echain.cfevesting.MsgMoveAvailableVesting
message sender {sender_address}
transfer recipient {module_account}
transfer sender {creator}
transfer amount {amount}

MsgMoveAvailableVestingByDenoms

Type Attribute Key Attribute Value
EventVestingSplit source {from_account_address}
EventVestingSplit destination {to_account_address}
EventNewVestingAccount address {new_vesting_account_address}
message action /chain4energy.c4echain.cfevesting.MsgMoveAvailableVestingByDenoms
message sender {sender_address}
transfer recipient {module_account}
transfer sender {creator}
transfer amount {amount}

Queries

Params query

Queries the module params.

See example response:

{
  "params": {
    "denom": "uc4e"
  }
}

Summary query

Queries the vesting summary data.

See example response:

{
  "vesting_all_amount": "32500000000000",
  "vesting_in_pools_amount": "32500000000000",
  "vesting_in_accounts_amount": "0",
  "delegated_vesting_amount": "0"
}

Genesis Summary query

Queries the vesting summary data but only for vesting pools with GenesisPool set to true and accounts that are on a vesting account trace list.

See example response:

{
  "vesting_all_amount": "32500000000000",
  "vesting_in_pools_amount": "32500000000000",
  "vesting_in_accounts_amount": "0",
  "delegated_vesting_amount": "0"
}

Vesting pool query

Queries the vesting pools owned by account with given address.

See example response:

{
  "vesting_pools": [
    {
      "name": "Advisors pool",
      "vesting_type": "Advisors pool",
      "lock_start": "2022-03-30T00:00:00Z",
      "lock_end": "2025-03-30T00:00:00Z",
      "withdrawable": "0",
      "initially_locked": {
        "denom": "uc4e",
        "amount": "15000000000000"
      },
      "currently_locked": "15000000000000",
      "sent_amount": "0",
      "reservations": [
        {
          "id": "1",
          "amount": "15000000000000"
        }
      ]
    },
    {
      "name": "Validators pool",
      "vesting_type": "Validators pool",
      "lock_start": "2022-03-30T00:00:00Z",
      "lock_end": "2024-03-30T00:00:00Z",
      "withdrawable": "0",
      "initially_locked": {
        "denom": "uc4e",
        "amount": "17500000000000"
      },
      "currently_locked": "17500000000000",
      "sent_amount": "0",
      "reservations": [
        {
          "id": "1",
          "amount": "15000000000000"
        }
      ]
    }
  ]
}

Vesting types query

Queries the vesting types.

See example response:

{
  "vesting_types": [
    {
      "name": "Advisors pool",
      "lockup_period": "5",
      "lockup_period_unit": "minute",
      "vesting_period": "5",
      "vesting_period_unit": "day"
    },
    {
      "name": "Validators pool",
      "lockup_period": "10",
      "lockup_period_unit": "minute",
      "vesting_period": "10",
      "vesting_period_unit": "day"
    }
  ]
}

Invariants

Non-Negative Vesting Pool Amounts Invariant

Invariant validates vesting pools state. Checks if all vesting pools amounts are non-negative

Vesting Pool Consistent Data Invariant

Invariant validates vesting pools state. Checks if all vesting pools amounts are consistent: withdrawn + sent < initially locked

Module Account Invariant

Invariant validates vesting pools state. Checks if sum of all amounts locked in vesting pools is equal to module account balance.

Genesis validations