Tranches
Definition
Analogous to the segments in Lockup Dynamic, a Lockup Tranched stream is composed of multiple tranches with different amounts and durations. The protocol uses these tranches to enable traditional vesting curves with regular unlocks.
Technically, a tranche is a struct with two fields:
Field | Type | Description |
---|---|---|
Amount | uint128 | The amount of tokens to be unlocked in a tranche, denoted in units of the token's decimals. |
Timestamp | uint40 | The Unix timestamp indicating the tranche's end. |
The distribution function of a Lockup tranched stream:
Where:
- is the sum of all vested tranches' amounts.
Requirements
- The sum of all tranche amounts must equal the deposit amount.
- The block gas limit enforces a limit to how many tranches there can be in a stream.
- If someone creates a stream with an excessively large number of tranches, the transaction would revert as it wouldn't fit within a block. You can fetch the limit using MAX_TRANCHE_COUNT. Alternatively, you can find the limit for each chain here.
- The timestamps must be sorted in ascending order. It's not possible for the timestamp to be greater than timestamp (given that we're dealing with an increasing monotonic function).