Frequently Asked Questions

General

What is Lucid, and who can use it?

Lucid is a no-code platform that simplifies multi-chain operations for decentralised organisations, including DeFi protocols, investment syndicates, DAOs and social token communities. It provides tools for governance, liquidity management, cross-chain messaging, and treasury management.

How does Lucid work?

Lucid is modular and allows users to select, configure, and deploy modules for governance, treasury, and cross-chain messaging. The platform supports multiple blockchains, including Ethereum, Arbitrum, Optimism, Polygon, Linea, Base, and Blast.

Do I need coding knowledge to use Lucid?

No, Lucid is designed to be user-friendly with an intuitive, no-code interface.

How do I set up an organisation in Lucid?

The setup involves choosing modules, configuring them, and deploying your organisation. For onboarding or deal structuring, email hello@lucidlabs.fi or contact @TonyBrod on Telegram.

Can I customise Lucid's modules?

Yes, you can configure governance, treasury, and cross-chain messaging modules to suit your needs, including assigning them to specific blockchains.

What is Lucid OTC, and how does it work?

Lucid OTC is the settlement layer for on-chain token deals. It binds the buyer’s payment and token allocation in one atomic transaction, routes proceeds to the seller, and enforces the buyer’s vesting schedule by smart contract. See the Lucid OTC overview.

How does the Multi-Bridge module work?

The Multi-Bridge module facilitates secure cross-chain messaging and asset transfers by using multiple bridges and requiring consensus for execution, minimising risks tied to single-bridge vulnerabilities.

Can I manage treasury and governance operations in Lucid?

Yes, Lucid offers modules like Safe Treasury for treasury management and tools for governance, including quadratic voting and multi-sig wallets. It also integrates with Snapshot for off-chain voting.

How do security features work in Lucid?

Lucid includes features like Timelock (which delays proposal execution) and Pre-Vote/Pre-Execution Veto modules to block harmful proposals. It also requires a minimum number of bridges (e.g., 2 out of 3) to validate a transaction or message before execution.

Is Lucid scalable?

Yes, Lucid is suitable for both small DAOs and large decentralised organisations and can scale to meet the needs of different projects. It also provides analytics and integrations for governance and treasury operations.

What sets Lucid apart from other platforms?

Lucid’s no-code, modular design and powerful integrations for multi-chain governance, liquidity, and cross-chain messaging make it unique in the industry. It simplifies complex operations with a user-friendly interface and robust security features.

Is support available for Lucid users?

Yes, Lucid offers customer support and comprehensive documentation to assist with troubleshooting and platform guidance.

Lucid OTC

What is an on-chain OTC deal on Lucid?

It is a smart contract that runs the complete OTC transaction. The seller configures the price or discount, payment asset, allocation, capacity, participation rules, and vesting schedule. The buyer deposits the quote asset, payment and allocation settle atomically, and purchased tokens unlock on schedule. See the Lucid OTC overview.

How is this different from a traditional OTC transaction?

A traditional deal can depend on legal agreements, custody or escrow, manual delivery, and continuing performance by both parties. Lucid enforces the configured on-chain terms by code: payment and allocation settle together, vesting cannot be skipped, and both parties share the same verifiable record.

Does Lucid take custody of the assets?

No. Assets are held and moved by smart contracts, not by Lucid or a third-party custodian. The organisation controls its own deals through role-based permissions and its configured approval process.

How do I buy an OTC allocation?

Open the OTC section, select a deal visible to your wallet, review all terms, prepare the required quote asset on the correct chain, and submit the transaction. Bilateral and allowlisted deals require an eligible wallet. See How To Buy an OTC Allocation.

Which payment assets can a deal accept?

Depending on its configuration, a deal may accept USDC, USDT, ETH, supported LP tokens, or supported vault and protocol positions. The deal page shows the exact quote asset and chain required.

How is the price set?

Pricing can be fixed at a negotiated level, set through a Dutch auction, or linked to an oracle with a configured discount. Supported sources include Chainlink feeds, compatible Uniswap pools, and Lucid pricing infrastructure. Availability depends on the chain and asset pair. See OTC Deal Types & Pricing Models.

How are tokens vested, and can schedules be customised?

Vesting is configured before deployment and enforced by the contract. Depending on the deployed deal type, schedules may be linear, fixed-term, fixed-expiry, cliff-based, milestone-based, or custom. Buyers claim unlocked tokens through the My Deals dashboard.

Why do I not see transferable tokens immediately after settlement?

An OTC purchase creates a vested allocation; it does not necessarily transfer the complete payout immediately. Track the unlock schedule and claimable balance in My Deals, then claim tokens as they vest.

Can deal terms be modified after deployment?

No. Once a deal is deployed and approved, commercial parameters such as pricing, vesting, capacity, and participation rules are immutable. If different terms are required, authorised operators must close the existing deal where supported and deploy a new one.

What happens if one party does not complete the transaction?

A buyer who never deposits receives no allocation. When a valid deposit settles, the payment and allocation are bound in one transaction, and vesting no longer depends on the seller’s cooperation.

Can participation be restricted?

Yes. A deal can be bilateral with a single counterparty, restricted to an allowlist of approved wallets, or open to wider participation on identical terms. Total capacity, minimum ticket size, and per-wallet limits can also be configured where supported.

Who can create or close an OTC deal?

Deal creation and lifecycle actions follow the organisation’s permissions. If multisignature governance is enabled, the required signers must approve a deployment or closure proposal before it can execute. Management actions are visible only to authorised wallets.

What happens to an unfilled allocation when a deal expires?

Unsold tokens remain with the market deployer and are not transferred unless purchased. Tokens already allocated to buyers remain subject to their configured vesting and claim rules.

How does Steer Protocol work with liquidity deals?

For a Steer-integrated deal, the buyer first deposits the required assets into the configured Steer pool and receives LP tokens. Those LP tokens are then used as the OTC payment asset. See Liquidity & TVL Deals.

Can I use Lucid Bridge to prepare the payment asset?

Yes. If you do not hold the required quote asset on the deal’s chain, use Lucid Bridge, a supported DEX, or another suitable transfer route before settling. Always verify the token address and destination network shown on the deal page.