Cliff Protocol · v0 · invite-only at launch

A quiet ledger for locked-token deals.

Sell your vesting, or buy it at a discount. Private by default, delivered on schedule, auditable forever. No hype. No countdowns. No confetti. Just receipts.

New listing · waitlist
Sign listing · join waitlist#-------
role · seller
01

Three steps. No wizards.

A seller lists their vesting; a buyer pool fills at their terms; tranches land on schedule in a stealth address. The protocol handles custody, privacy, and delivery — you handle the decision.

Step · 01~90 seconds

Seller lists the vesting.

One page. Token, discount, holdback, release terms. Live preview card updates as you adjust. A single signature commits the listing on the privacy chain — no USDC moves yet.

mechanism · TEE-signed listing, seller wallet stays unlinked from the pool address
Step · 02hours–days

Pool fills at the terms.

Buyers commit USDC in slots. No negotiation, no spread. When the pool is full the deal is FUNDED; until then buyers can withdraw with one click.

mechanism · escrowed on Base, all-or-nothing settlement, public progress bar
Step · 03months–years

Tranches land on schedule.

Each vesting tranche unlocks to a stealth address on the token's chain. Buyers see it arrive in their portfolio with a block-explorer link. The schedule is a receipt.

mechanism · delivered by relay, stealth-address derived in TEE, proof on every tranche
02

The receipt, before launch.

We're not live yet. Instead of faking traction, here's the ledger as it stands today — commitments, auditor status, codebase.

Cliff Protocol · operational ledger · agent checkingreported · loading… · v0.3.1
waitlist · signed
$0M / $500M
pre-committed · seller side
Non-binding soft commits open at launch — none collected yet.
0 / 3
TEE audits · in progress
Trail of Bits · Zellic · Cantina — reports at launch.
deals · filled
The point of this section is that this number is zero.
Methodology: waitlist + filled deals read from live agent; pre-committed and audits are editorial.↗ changelog
illustrative$ARB · GOLD · A1 · −32% · 24mo$OP · PLATINUM · Imm · −28% · 18mo$BLUR · NEW · A3 · −45% · 36mo$JUP · SILVER · A1 · −22% · 12mo$WLD · GOLD · A2 · −34% · 30mo$APE · BRONZE · A2 · −38% · 24mo— design mock · no real pools exist yet —$ARB · GOLD · A1 · −32% · 24mo$OP · PLATINUM · Imm · −28% · 18mo$BLUR · NEW · A3 · −45% · 36mo$JUP · SILVER · A1 · −22% · 12mo$WLD · GOLD · A2 · −34% · 30mo$APE · BRONZE · A2 · −38% · 24mo— design mock · no real pools exist yet —
03

Two sides. Same receipt.

Sellers want cash now without dumping on spot. Buyers want discounted exposure without OTC spreads. The protocol keeps both sides honest with escrowed USDC and scheduled delivery.

For sellersorigination

Monetize your vesting without dumping.

List against your contract, choose your discount and release terms, walk away with USDC. Your identity and wallet stay unlinked from the pool end-to-end.

  • ControlYou set discount, upfront %, and release terms. The market tells you immediately whether you're priced in range.
  • PrivacyTEE-derived stealth addresses. Buyers see your tier + delivery history, never your wallet.
  • ReputationOn-time deliveries compound. Higher tiers unlock faster release terms and lower fees.
  • No lockupListings are cancellable until the pool fills. After FUNDED, the protocol takes over.
For buyersallocation

Discounted exposure, delivered on schedule.

Join a pool at your preferred size. Receive tranches directly to a stealth address — no claims, no signatures, no 'pending' screens.

  • DiscountTypical ranges: −20% to −45% against spot, depending on tier, lockup, and token.
  • ScheduleEvery tranche has a date and a proof. Your portfolio is a delivery calendar, not a price chart.
  • SafetyYour USDC sits in escrow until deliveries land. If the seller stalls, the remaining escrow refunds pro-rata.
  • No negotiationTake the terms or pass. Same price for everyone in the pool. No DMs.
04

Every claim backed by a mechanism.

We don't ask for trust; we ship primitives. Here are the four that let you verify everything yourself.

Privacy via TEE
Intel TDX · attested quotes
Your keys, listing data, and derived stealth addresses live inside a Trusted Execution Environment. We can't see them. Even a subpoena of the relay server returns nothing — the TEE attests its own code.
USDC escrow
5–60% upfront · tier-gated
Buyer USDC sits in an on-chain escrow. A tier-capped upfront % unlocks to the seller only after the release terms clear. The remainder drips out per delivery. If the seller stalls, the unreleased balance refunds pro-rata to buyers.
↗ escrow contract · Base0xC1f… · verified
Delivery on-chain
tranche-by-tranche
Every tranche is a real on-chain transfer to a stealth address on the token's native chain. No IOUs, no wrapping, no protocol-side accounting. If you can read a block explorer, you can audit Cliff.
Tier reputation
NEW → PLATINUM
Sellers start at NEW with After-3 release terms and a 10% upfront cap — the least proven seller unlocks the least until deliveries land. Track record lifts the upfront cap and unlocks faster terms. Reputation earns freedom, never the other way around.
05

Fees, in full.

Two protocol fees — one at the upfront release, one per delivery. Gas at cost. No spread, no taker/maker tiers, no hidden revenue share. What you see here is all Cliff ever takes.

FEE · BREAKDOWN
Protocol fee · on upfront release1.00%
Protocol fee · on each delivery1.50%
fees taken from the seller's USDC as it leaves escrow · buyer always pays 0
Gas · listing signatureat cost
Gas · pool contributionat cost
Gas · delivery relayat cost
relay gas is pre-paid by the protocol and netted at settlement · never surprise billed
Buyer-side fee0%
Withdrawal · before FUNDED0%
Early-exit · after FUNDEDnot possible
the schedule is the schedule · vesting can't be unwound
Total take · $1M pool · GOLD @ 40% upfront$13,000
1% × $400k upfront + 1.5% × $600k delivered · see docs for derivation

No spread. No taker/maker games. No revenue share on delivery.

Cliff makes money when sellers get paid. Until a pool is FUNDED, we earn nothing. After delivery completes, we still earn nothing extra — no per-tranche fee, no escrow haircut, no dormant-account charges.

We think a market that only gets paid on realized origination is the right one for something this patient. If fees ever change, we'll ship a migration path and the old contracts will keep running at their old rates indefinitely.

06

Who's building this.

Small team. No token. No press strategy. If you found us it's because you need us.

Anon · founder
Protocol & economics
Just a guy trying to help people offload vesting tokens without using OTC desks or dumping on spot. If you know, you know.
Backers · pre-seed