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Time-Lock funds in Vault


7opnotch

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Posted

We've all been victim to putting money in the "Vault" to save, only having to remove it minutes later lol.

I think it would be neat to have a feature where the funds entered into the vault are time-locked for 24 hours minimum. This option can be adjusted for the user, perhaps say 6 hours, 12 hours, 24 hour time lock periods before the funds from the Vault can be accessed again.

Thoughts?

Posted
7 minutes ago, 7opnotch said:

We've all been victim to putting money in the "Vault" to save, only having to remove it minutes later lol.

I think it would be neat to have a feature where the funds entered into the vault are time-locked for 24 hours minimum. This option can be adjusted for the user, perhaps say 6 hours, 12 hours, 24 hour time lock periods before the funds from the Vault can be accessed again.

Thoughts?

Brilliant idea .. it helps a player to control him/herself to gamble more .. in addition,  should have maximum wid limit i mean can only have atleast 2-3x transaction per day . 

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Posted

The idea is good, as long as it is irreversible and you agree on it (by signing an agreement or something).

Because every day ppl ask for example for 24 hours of self mute to be away from chat, and 28 minutes later they are nagging support to remove it. Same happens with self-exclusion.

And the time lock period should have at least some options, because 24 hours is fine for some users, but for some may be too much and for others too few....

 

Posted
40 minutes ago, maverick528 said:

The idea is good, as long as it is irreversible and you agree on it (by signing an agreement or something).

Because every day ppl ask for example for 24 hours of self mute to be away from chat, and 28 minutes later they are nagging support to remove it. Same happens with self-exclusion.

And the time lock period should have at least some options, because 24 hours is fine for some users, but for some may be too much and for others too few....

 

I guess you can just make a popup with time setting and an agreement for TOS. 

Posted

I had this idea a very long time ago, but if stake implemented this they would not make as much money from all of us degens. So I found an alternative solution. Coinbase has a vault that you can take out after 48 hours. If you want a vault that allows you to set your own time you can check out   coinb.in

 

 

Posted
23 hours ago, nagakhoa said:

Just turn on F2A and use an app to lock your Authenticator app for X amount of time desired

wow this is genius.

 

What app would you use to lock the authenticator app?

Posted

How about putting in your vault, the longer it's in there the more it gains.... For instance if you hold it in your vault for 24hrs it earns .50%, 48hrs., 1% 72hrs.. 1.5%, on up to 3-5% max and a entire month or 6 months earns you 10% after a yr 5% increments. With options to double up upon with drawing or chances to lose all or half of it if you choose to gamble it.   So they have a chance (stake) to get all or most the money in one sitting which may benefit them a lot!!!

 

 

Posted

Yes it would be great to have something like this with an adjustable cooldown timer.  If you could set a cooldown for each vault deposit you could meter your play much easier. That way I would feel better about putting in one big depo and vaulting it to unlock over time without fear of tilting it all into the games.

Posted

I think that is also a great idea to implement as well, it would keep your customers more "responsible" when they lose "control?" I am assuming it can happen to anyone. 

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