Frequently asked questions
The questions people ask before locking something. If yours is not here, the documentation goes into more detail.
Locking
Can locked tokens be withdrawn early?
No. The schedule is set when the lock is created and there is no function to shorten it. The contracts have no owner, no pause switch and no upgrade path, so nobody can release tokens ahead of schedule, including Lockbox.
Can Lockbox take my tokens?
No. Deposits go straight into a vesting wallet created for that one lock, and only the named beneficiary can ever receive them. The main contract never holds a balance between transactions.
Which tokens can I lock?
Any standard ERC-20 on Robinhood Chain or Arc, including LP tokens that follow the ERC-20 interface. Paste the contract address and the app reads the symbol, decimals and your balance from the token itself.
Can I lock tokens for someone else?
Yes. Name any address as the beneficiary. You pay and they receive. The address that funded the lock is recorded permanently alongside it.
What happens when the unlock date passes?
The tokens become claimable by the beneficiary. Nothing moves automatically, because a transaction has to be sent. Anyone can trigger the release, but the tokens can only arrive at the beneficiary.
Can I extend a lock?
You can push a plain timelock further out, for free, from the My locks page. Only the beneficiary can do it, only while the lock is still running, and only in one direction: no extension can ever pull a date closer or release anything early. Vesting schedules cannot be extended at all, because stretching a curve someone already agreed to would change what they were promised. If you want a longer vesting commitment, create it for longer at the outset.
Can I cancel a vesting schedule?
No. Vesting on Lockbox is irrevocable, which is what makes it worth anything to the person receiving it. If you need the option to claw tokens back, vesting is the wrong tool.
What is a cliff?
The waiting period before anything can be claimed. With a one year cliff, nothing is claimable for a year, and then the vesting period begins. Setting the vesting period to none makes it a straight lock that releases everything at once.
Costs
What does it cost to lock tokens?
Creating a lock or vesting schedule costs 10 USDG on Robinhood Chain, and 10 USDC on Arc, charged once at creation. Transferable vaults cost 25 USDG on Robinhood Chain, and 25 USDC on Arc. Locking a liquidity position costs 25 USDG on Robinhood Chain, and 25 USDC on Arc. Burning is always free, and so are claiming and withdrawing. One hundred per cent of every deposit is locked: the fee is paid separately and never comes out of the tokens you are locking.
Do you take a percentage of my tokens?
No. One hundred per cent of every deposit is locked. The fee is a separate payment and never comes out of the tokens you are locking, even when the fee happens to be charged in the same token.
Can the fee be changed later?
Not on a contract that already exists. The fee is fixed when the contract is deployed and there is no function to change it, because there is no owner to call one. A different price means a new contract, and existing locks keep their original terms.
Verifying
How can a buyer verify a lock is real?
Every lock has a public page that reads live from the chain and needs no wallet to view. Look up the token in the Lockbox explorer to see every lock against it, how much of the supply is held and when it unlocks, then open the contract on the block explorer and confirm the source is verified.
How much of the supply is actually locked?
Lockbox token pages show the share of total supply held across every lock for that token, measured from the live balances in the vesting wallets rather than the amounts recorded at creation, so the figure falls as people claim.
Does a lock mean a token is safe?
No. A lock proves that a specific number of tokens sits in a contract until a specific date, and nothing more. It says nothing about the rest of the supply, the token contract, or the people behind it.
Burning
What does burning tokens actually do?
It sends them to an address that has no private key, so nobody can ever move them again. It does not reduce the token's reported total supply, because the tokens still exist. Only a token with its own burn function can lower that figure.
Does Lockbox charge to burn tokens?
No. Burning is an ordinary transfer that any wallet can make, so there is no contract involved and nothing to charge for. The proof page is free too.
Can I get a proof page for a burn I made elsewhere?
Yes. Burn pages are built from the transaction receipt rather than from a list of burns made through this site, so any burn on Robinhood Chain or Arc has a page, whatever wallet or tool made it and whenever it happened.
Vaults
What is a transferable vesting vault?
A lock whose ownership is an NFT. Whoever holds the NFT can claim whatever has vested, so selling or sending it hands over the rest of the schedule. Ordinary vesting is fixed to one address forever.
If I sell a vault NFT, does the buyer get the tokens?
They get everything that has not yet been claimed, releasing on the original schedule. Anything already claimed by a previous holder has gone. Check the amount still locked before buying one.
Chains
Which chains does Lockbox support?
Robinhood Chain, id 4663, and Circle's Arc, id 5042. The same products run on both, and the explorer covers them together.
Why is the fee on Arc charged in USDC?
Because USDC is Arc's gas token. Everyone transacting there already holds it, so charging in it needs nothing extra from you, and it means the price is a dollar figure that does not move with the market.
Has Lockbox been audited?
The transferable vault contracts were reviewed by an independent developer before release, and one change came out of that review. There has been no paid audit by a named security firm. The source of every deployed contract is verified on its chain's block explorer, so you can read exactly what runs.