What’s the difference between a Vesting Schedule and an Unlock Schedule?
Vesting is a legal term that denotes the transfer of legal ownership of tokens from the company to an individual employee or service provider, and usually starts on the first day of employment.
An Unlock Schedule usually refers to the transfer of control or transferability of a set of tokens to an individual over time, and usually starts on the first day of a project’s TGE or exchange listing.
While many in the ecosystem use the terms “vesting” and “unlock” interchangeably, Magna separates those concepts so protocols can be explicit about legal information tracked off-chain and what will be distributed on-chain, all within the app.
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