Step 2: Create Unlock Schedules
First, it's important to make sure you understand the difference between a vesting and unlock schedule within the params of Magna (see the below article for a thorough breakdown).
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First, it's important to make sure you understand the difference between a vesting and unlock schedule within the params of Magna (see the below article for a thorough breakdown).
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Please see this video tutorial on how to properly add a schedule into Magna.
Go to the Schedules tab
Click "Add Schedule"
Create any schedules you with to add to your allocations.
Schedules can have a % unlocked at start, a cliff, and one or more periods.
By default, we only allow adding a single period. If you wish to add more periods, we can enable this for you.
Enter in the schedule name, description and details using the customizable fields
NOTE: "Name" is usually used to represent the stakeholder category that this schedule pertains to (i.e. Employees or Investors)
Once completed, click "Save".
Copy the Schedule ID and paste into your onboarding sheet.
There is currently a bug with creating that have 100% unlocked at start or a 100% cliff.
