DFINITY Foundation

Synapse.vote (original)

ICDevs.org

CryptoIsGood

Anvil

ICPL.app

ysyms

The Accumulators’ Neuron

RawTech Venture

Paul Young

ICPMANUAL

8yeargangDAO

Isaac Valadez

Krzysztof Żelazko

Nicolas.ic

Smaug’s Neuron for Retail Investors

ICLight.io

Synapse.vote (NEW)

Taggr Network

CodeGov

Sonic AMM

Rakeoff.io

OpenChat

ELNA AI

GEEKFACTORY

ICP Hub México

ICP Hub Poland

Jerry Banfield

WaterNeuron

ICP Hub Bulgaria

Gold DAO

NeuronPool

LORIMER

B3Pay

ZenithCode

Aviate Labs

Internet Computer Association

Arthur’s Neuron (used to be cycle_dao)

Inactive (Request Removal) - The Fools' Court

$STACK

Always Rejects

John Wiegley

Add a Lock Function for Manually Added Tokens to the NNS Wallet

#### Overview

The **Network Nervous System (NNS)** wallet is the cornerstone of security and trust on the Internet Computer Protocol (ICP). To enhance its functionality and utility, I propose the addition of a **"Lock Function"** for manually added tokens in the NNS wallet. This feature would particularly benefit users who participate in pre-SNS sales and other early-stage token distributions, providing them with an added layer of security and trust.

#### Motivation

Pre-SNS sales and other early token distributions often come with vesting or lockup periods that ensure fair allocation and discourage early dumping. Currently, users have limited options for securely managing these locked assets, forcing them to rely on third-party wallets or less secure mechanisms. Introducing a lock function to the NNS wallet would:

1. **Enhance Security**: The NNS wallet is the most trusted wallet on ICP, making it the ideal platform for managing locked tokens.
2. **Boost Trust in ICP Ecosystem**: By providing a secure and user-friendly way to handle locked tokens, the NNS wallet strengthens its position as the go-to wallet for ICP users.
3. **Streamline Pre-SNS Sales**: A built-in locking mechanism simplifies token distribution processes for projects launching on the Internet Computer.

#### Proposed Features

1. **Manual Token Locking**:

   - Users  & Projects can manually lock any token they have added to their NNS wallet.
   - Locked tokens will be inaccessible for transfers or other actions until the lock period expires.

2. **Customizable Lock Periods**:

   - Users & Projects can set the duration of the lock period (e.g., specific dates or fixed intervals).
   - Optionally, pre-SNS projects can define and enforce lock periods for distributed tokens.

3. **Visibility and Transparency**:

   - The wallet interface will display locked tokens separately, showing details such as the locked amount, lock expiration date, and token contract details.

4. **Smart Contract Integration**:

   - The lock function will leverage smart contracts to ensure immutability and transparency of lock terms.

5. **Security and Recovery Measures**:

   - Advanced cryptographic mechanisms to prevent tampering or accidental unlocking.
   - A failsafe recovery system in case of wallet compromise, adhering to lock terms.

#### Benefits

1. **For Users**:

   - Peace of mind knowing their tokens are secure and compliant with lockup conditions.
   - A seamless experience for managing vesting schedules and token distributions.

2. **For Developers**:

   - Simplified token distribution processes, with locking handled natively by the NNS wallet.
   - Increased trust in their projects by leveraging the ICP’s most secure wallet.

3. **For the ICP Ecosystem**:

   - Enhanced utility of the NNS wallet as a multifunctional asset management tool.
   - Greater adoption of the wallet and the protocol for DeFi, SNS, and token management use cases.

#### Implementation Steps

1. **Community Discussion**: Initiate discussions on forums and community channels to gather feedback and refine the proposal.
2. **Technical Feasibility Assessment**: Work with DFINITY and ICP developers to evaluate the technical requirements for integrating the lock function.
3. **Development**: Implement the lock function as a new feature in the NNS wallet, using secure and efficient smart contract designs.
4. **Testing and Auditing**: Conduct rigorous testing and third-party audits to ensure the feature is secure and reliable.
5. **Launch**: Release the lock function in an NNS wallet update, accompanied by user education materials.

#### Conclusion

Adding a lock function for manually added tokens to the NNS wallet is a natural evolution of its functionality, aligning with the needs of both users and developers in the ICP ecosystem. It enhances security, trust, and convenience, solidifying the NNS wallet’s position as the safest and most trusted wallet on the Internet Computer.

By empowering users to manage locked tokens directly within the NNS wallet, we take a significant step toward a more secure and user-friendly decentralized future.

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This proposal was crafted and submitted with [proposals.network](https://proposals.network) – where ideas meet the ICP governance.