VT Circulation Logic

Core to LVT, differing from LNT's Node NFT deposit-based dynamic VT calculation. LVT mints a VT supply upfront, tied 1:1 to total vesting T, enabling immediate liquidity via discounted sales.

Two exclusive scenarios:

Project Token Release Scenario:

• Project defines vesting plan (e.g., 1M T over 24 months, linear).

• Contract mints VT.

• VT trading: Locked token holders sell VT on secondary markets; buyers lock through cliff for T upside.

• Put Option: As T releases, VT holders exercise VT -->T conversion;

• Redeemption: After the Vault operation ends, all circulating VT can be redeemed 1:1 for T.

SAFT Contract Scenario:

• Early investor uploads notarized SAFT (verified by multi-sig).

• Protocol parses terms (e.g., 1M T with a 6-month cliff, then linear).

• Contract Mints VT.

• VT trading: Investors sell VT on secondary markets; buyers lock through cliff for T upside.

• Put Option: As T releases, VT holders exercise VT -->T conversion;

• Redeemption: After the Vault operation ends, all circulating VT can be redeemed 1:1 for T.