noun
Internet Slang
cliff
KLIF · noun · slang
An initial lock-up before any vested tokens are released.
0
Definitions
1
A period at the start of a vesting schedule during which no tokens unlock; at the end of the cliff a first tranche releases, after which vesting continues.
“There's a one-year cliff, so no insider tokens hit the market until then.”
by community
0
cliff In A Sentence
There's a one-year cliff, so no insider tokens hit the market until then.
Origin & Usage
From equity vesting terminology, adopted in crypto tokenomics.
People Also Ask
What does cliff mean in crypto vesting?
It is an initial lock-up period during which no allocated tokens unlock; at the end of the cliff a first tranche is released.
How long is a typical cliff?
Cliffs commonly last around one year, after which vesting continues on a regular schedule, though the exact length varies by project.
Why do projects use a cliff?
A cliff keeps insider tokens off the market early on, reassuring investors that the team is committed before any supply unlocks.
Comments 0