🚨 Title: Implement Vesting Lock-Up for >100K HASH Holders
📅 Proposal Launch Target: May 20, 2025
Last Updated: May 19, 2025
To previous versions of the governance proposal, click here
** Proposal updates reflected in yellow **
| Holder Type | Impact |
|---|---|
| Addresses holding below 100K HASH: | will have their full balance unlocked. |
| Retail Addresses holding over 100K HASH: | will have their full balance unlocked. |
| Non-Retail Addresses holding over 100K HASH: | subject to a 48 month vesting schedule, with 1 month’s supply immediately unlocked upon the May 22nd upgrade. |
The snapshot of HASH holders was taken at noon, on May 19th. In total, ~3.5-4b billion HASH will be unlocked upon release based on the criteria outlined below. The change will be executed through a blockchain upgrade upon successful governance approval.
⚠️ This upgrade will impact "spendable/transferable" balances. To prevent data desynchronization, Figure Markets will halt trading prior to the upgrade and resume trading once the upgrade is completed. This temporary halt is expected to happen on May 20th at 5PM EST, once voting begins and is expected to end on May 22nd, after the vote closes at 5PM EST**.**
☑️ You can check your lock/unlock eligibility using this wallet checker.
📄 Or, you can also check all overall holders and lockups in this spreadsheet.
Anyone who has had their HASH balance mistakenly locked up during the upgrade can submit an appeal here:
The original proposal was drafted based on discussions with global exchanges. To be eligible for listing, exchanges require a clearly defined and enforceable lock-up schedule to mitigate early liquidity risk.
This updated proposal reflects key community feedback from the May 7th and 12th forums, and incorporates multiple important adjustments: