Certificates are assigned by the vault, upon the completion of a successful proposal. Once assigned, the vesting periodvesting period - A period of time where tokens are locked and unable to be transferred or spent begins, lasting a total of 1,971,000 blocks which is roughly 1 year. During this time, it is not possible for the certificate holder to transfer or spend any of the tokens assigned to them.

At any time during the vesting period, a proposal can be made for the certificate to be revoked. If a certificate is revoked, then the certificate holder is still entitled to a proportion of the certificate token value, equal to the percentage of the complete vesting period. For example, if a certificate for 50K ODX is revoked 394,200 blocks into the vesting period, then the certificate holder will still be entitled to 10K ODX upon the vesting period completion. The remaining tokens are returned to the vault, available for other certificate proposals.

What’s Next
Did this page help you?