Stellar - Unvesting

[despiegk]

Enable TFT Unvesting
Vesting services has been successfully created and running on v1.4.2. As agreed, locked TFTs from vested accounts would be released monthly, when TFT average price is higher or equal than $0.1 on the particular month.

github project:tft-stellar v1.5.0

[despiegk]

many people want a solution for this now, its not fair to also keep them locked up
it doesn't mean they would sell , but the ones who meant well are now disadvantaged

[despiegk]

see also
TFT stellar project: https://github.com/threefoldfoundation/tft-stellar/projects/15
Wallet issue: threefoldtech/threefold_connect_wallet#114

[robvanmieghem]

I would not create an entire cosigner unvesting application anymore since we just want to release the funds.
Let's just prepare the unvest transactions (send all of the TFT back to the owner), have them signed by the cosigners and make them available. The owner then has to sign it too and submit it to the Stellar network.

[robvanmieghem]

Specs: https://github.com/threefoldfoundation/tft-stellar/blob/master/specs/vesting/release.md

To do:

• Script to create vesting accounts on testnet
• Remove vesting ability: code complete, published version 1.5.0-rc2 to test

Next:

• Recover vesting accounts without TFT ( this also makes sure no unnecessary vesting accounts have to be recovered), can be run again if needed
• Generate transactions to return the vested accounts to the owners
  • Script to generate transactions to return the vested TFT to the owners threefoldfoundation/tft-stellar#476
• Program for the guardians to sign the unvesting transactions threefoldfoundation/tft-stellar#478
• Have the guardians sign
• Publish the signed unvesting transactions
  • Script to combine the guardian signatures threefoldfoundation/tft-stellar#479
  • Ability to request unvesting transactions on the vesting service threefoldfoundation/tft-stellar#482
  • Combine the guardian signatures
• Website for unvesting threefoldfoundation/tft-stellar#484
  • Check if some accounts have multiple vesting accounts on production threefoldfoundation/tft-stellar#485
• Docker and helm chart for the unvesting website threefoldfoundation/tft-stellar#487
• Deploy to production

[robvanmieghem]

The website still needs some text changes and we'll wait to deploy to production until I'm back from vacation.

[robvanmieghem]

Production URL: https://tokenservices.threefold.io/unvest/

The easiest is to open it on your phone so you can copy-paste the address and secret from the TF connect app

[DylanVerstraete]

Confirmed unvesting works! 🎉