Lock is a protocol built on Ethereum that lets you safely store and distribute ETH and ERC-20 tokens.
With Lock you can simply choose the token you wish to lock and the duration it will be stored in the contract and confirm the transaction. Once it is the timelock is complete, you (or a designated beneficiary will be able to claim the assets.
There are four primary use cases for Lock:
Hold (HODL) - Protect yourself from yourself. The Hold use case of Lock enables users to store their assets and make sure that they cannot be sold for a certain duration of time.
Earn - Make money while storing money. Earn interest and fees through locking tokens from other protocols like Compound or Uniswap.
Vest - Keep the right people incentivized and make sure they don't sell early. Whether you are a founder or an employee, vest makes storing tokens easy.
Distribute - Programmatic payouts enable future payouts to occur to the same account or a different one at any date and frequency.
Alert feature will be unlocked when there are over 500 followers, and the followers will be able to receive key updates of significant events occurred such as price drop, volume climb etc.
Lock is a protocol built on Ethereum that lets you safely store and distribute ETH and ERC-20 tokens.
With Lock you can simply choose the token you wish to lock and the duration it will be stored in the contract and confirm the transaction. Once it is the timelock is complete, you (or a designated beneficiary will be able to claim the assets.
There are four primary use cases for Lock:
Hold (HODL) - Protect yourself from yourself. The Hold use case of Lock enables users to store their assets and make sure that they cannot be sold for a certain duration of time.
Earn - Make money while storing money. Earn interest and fees through locking tokens from other protocols like Compound or Uniswap.
Vest - Keep the right people incentivized and make sure they don't sell early. Whether you are a founder or an employee, vest makes storing tokens easy.
Distribute - Programmatic payouts enable future payouts to occur to the same account or a different one at any date and frequency.
Lock.finance offers easy to use, affordable, smart locking contracts. The lock_admin is extremely kind and helpful and has answered all of our questions and concerns.
The lock team is filling a much-needed sector in the market. For example, we tried to use Trustswap to lock our developer tokens, but the contract failed and the Trustswap devs quickly gave up.
Keep up the great work Lock.finance! ?
Comment
john smith
Dec 7 , 2020
Great service. Lock makes it really simple to timelock tokens. We used them to vest tokens for our team.
Comment
Rosco
Mar 15 , 2020
I locked my funds for 1 day, it has now been over 1 day and 9 hours, the lock website says i have no locked funds, here is TX for proof.that I do. https://etherscan.io/tx/0x109ee506ea4dfb2ba459ec6d75c2a3a0e995d2f5ff63b5d32eeb1fb256a7fd45
I would not recommend LOCK it does not work and will only steal your funds.
Lock.finance offers easy to use, affordable, smart locking contracts. The lock_admin is extremely kind and helpful and has answered all of our questions and concerns.
The lock team is filling a much-needed sector in the market. For example, we tried to use Trustswap to lock our developer tokens, but the contract failed and the Trustswap devs quickly gave up.
Keep up the great work Lock.finance! ?
Comment
john smith
Dec 7 , 2020
Great service. Lock makes it really simple to timelock tokens. We used them to vest tokens for our team.
Comment
Rosco
Mar 15 , 2020
I locked my funds for 1 day, it has now been over 1 day and 9 hours, the lock website says i have no locked funds, here is TX for proof.that I do. https://etherscan.io/tx/0x109ee506ea4dfb2ba459ec6d75c2a3a0e995d2f5ff63b5d32eeb1fb256a7fd45
I would not recommend LOCK it does not work and will only steal your funds.