Sherwood, described as an agentic financial capital layer on Robinhood, said on X that its team tokens have been locked. The team allocation accounts for 15% of total supply. The original vesting plan was a six-month cliff followed by one year of linear release, but that structure has now been changed to a one-year cliff and two years of linear release. Sherwood also said the team built its own lockup contract and completed the lock manually because Robinhood Chain does not yet have a mature token lockup platform. The update focuses on the team allocation and revises the release timeline disclosed by the project.
Sherwood, an agentic financial capital layer on Robinhood, said on X that it has locked its team tokens.
According to the post, the team allocation represents 15% of the total supply. The original schedule was a six-month cliff followed by one year of linear release. That has now been changed to a one-year cliff followed by two years of linear release.
Sherwood said the team built its own lockup contract and completed the lock manually because Robinhood Chain does not yet have a mature lockup platform.
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