Primary Market | What do cliff and vesting mean?
A typical arrangement is “a 1-year cliff + 3 years of linear vesting”: nothing is released during the first year; once the year is up, a portion is released, and the rest is released evenly each month.
The vesting schedules often differ between allocations: ecosystem incentives may start being distributed very early, while team and investor allocations are usually locked up for longer.
The team and investor allocations for $ARB vest over 4 years: everything is locked up during the first year; once the year is up, one quarter is unlocked, with the rest unlocked monthly thereafter.
Don’t rush into placing an order just because everyone around you is doing it.

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