Please describe your proposed solution.
<u>What will we produce? (i.e. outputs) </u>
A point and click vesting tool that works with any token on Cardano, fully permission-less.
The app will be free to use and self-service. Cooperation with the Unvest team will be entirely optional. Contracts are non-custodial, meaning all parties can be assured of the security and integrity of token emissions.
<u>Why is this needed?</u>
Currently, startups in the Cardano ecosystem are required to either write their own vesting contracts, or enter into a commercial agreement with a central entity like a Launchpad to access a proprietary vesting tool.
Projects that write their own vesting platform face increased development and audit costs, as well as potentially decreased security. They also open the door to scrutiny & distrust from their investors.
The few proprietary vesting tools that do exist are gate-kept and may not support advanced features like unlimited schedules, cliffs, instalment frequency and tradable derivatives.
<u>What will happen as a result of this work? (i.e. outcomes)</u>
The Cardano ecosystem will gain a key piece of token management tooling, free to all. We expect this to make the Cardano ecosystem a more developer friendly environment. Hopefully this will contribute to wider network adoption and growth.
For users, deploying custom vesting will soon be as easy and barrier-free as adding a token pair to a DEX.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Vesting is a vital piece of dApp infrastructure.
An open vesting dApp provides value to both developers and to end-users. Developers get a free tool that simplifies their token launch. End-users get a consistent vesting dashboard and token claim experience across many projects - with increased trust and integrity.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
We have already released our vesting tools on several EVM blockchains. The primary risk is that our team does not have as much experience building natively for Cardano.
We will be bringing on experienced Cardano developers to support the porting process and up-skill our existing team to build more on Cardano in the future.