For Grant Issuers
In this guide, we will show you how to create and issue new token grants. For what your recipients will see when they are issued grants, feel free to read through the Grant Recipient section
Last updated
In this guide, we will show you how to create and issue new token grants. For what your recipients will see when they are issued grants, feel free to read through the Grant Recipient section
Last updated
For real-time support, please feel free to reach out on our dedicated . For an overview video click .
Step 1: Visit Hedgey's , connect your wallet and select the network you will be using.
NOTE: For Safe App users click "" (see below) to use Hedgey through your Safe App. Currently the Grants product needs to be added as a custom Safe app. You can find instructions on how to add it .
Step 2: Now that you are connected, click the "Create a Token Grant" button.
Step 3: Create your token grant
Select your token from the dropdown or add the contract address
Select your distribution type: single, periodic or streaming
Single grants distribution has the option to lock grant tokens until a specific date. Additionally, you have the option to make the grant revocable. Revocable grants will be pulled back to the designated wallet address (added on the next step). Simply turn off the toggles, if these options are not needed.
For periodic grants distribution you have the option to distribute grants: weekly, bi-weekly, monthly, yearly or do a custom distribution frequency.
Cliff is the initial period of time when the tokens are locked after the scheduled date. For the cliff you would need to enter the number of weeks. Add "0" for no cliff. Here too one can allow a grant to be revocable.
Streaming distribution is the distribution per second. Enter your distribution duration (weeks, months, years) and cliff. Add "0" for no cliff. Revocability option also available with this type of grants distribution.
Step 4: Add your admin address and select optional add-on features
Decide if you want to have onchain voting rights for the grant turned on or off. (compatible with governor Bravo contracts. Snapshot voting can optionally be added to grants that do not have onchain voting rights added.)
Select your admin address. This is the address that will be able to revoke the grant, if needed, and will receive unvested tokens from the grant when revoked.
Decide if you want to enable admin transfer rights to the grant. This will allow you to transfer the grant from one wallet to another. (A use case for this would be when issuing grants to crypto-new recipients that may lose access to their wallet.) This feature can always be turned off by the recipient of a grant should they choose.
Step 5: Add grant recipient(s) and details
To issue an individual grant: Add the recipient address, amount of tokens they are receiving in the grant, and select a start date. The start date can be backdated or future dated.
For multiple grants: Add each recipient individually or by clicking the "Import from CSV" copy and bulk uploading recipients. Please follow instructions on the CSV upload module for more info.
By enabling Advanced settings you can specify exact time for each unlock. If the Advanced settings are disabled, the unlock will occur eat 12:00PM UTC.
Step 6: Review your grant and create!
Review the details of your grant and confirm they are correct.
If you have not used Hedgey before, you will have to approve Hedgey to use the token you are distributing. Click the "Approve" button and complete in your Metamask/Safe.
NOTE: If you are using the Grants Safe App then the approve and distribute steps will be combined into a single transaction. You can use Hedgey Grants on Safe by clicking the "View on Safe" link on the grants page.
Once you completed the approval, click the "Distribute" button and complete in your Metamask/Safe.
Once you distribute your token grant, it gets moved to the Issued Grants section. You can view the grant details by clicking View details.
Detailed view of an issued grant
