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2022-05-23 13:25:20 +02:00

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## Nym vesting contract
1. Initial vesting tokens are deposited and assigned to existing addresses via `CreatePeriodicVestingAccount`
2. Admin account can then delegate vested and unvested tokens to mixnodes on behalf of vesting accounts
3. Vesting accounts can withdraw vested and undelegated (spendable) coins to their addresses
### Glossary
| Term | Definition |
| ----------------------- | --------------------------------------------------------------------------------------------- |
| original vesting coins | vesting amount specified at account creation |
| vested coins | coins vested up to the current vesting period, current period excluded |
| vesting coins | *original vesting* amount minus *vested coins*, claimed rewards are not part of vesting coins |
| delegated free coins | delegated coins that have vested |
| delegated vesting coins | total delegation amount minus *delegated free* coins |
| pledged free coins | pledged coins that have vested |
| pledged vesting coins | total pledge amount minus *pledged free* coins |
| locked coins | *vesting coins* minus *delegated vesting* and *pledged vesting* coins |
| spendable coins | current vesting account balance minus *locked coins* |
### Vesting coin delegation flow
![vesting-coin-delegation](images/vesting-coin-delegation.png)