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Permission Model

GLAM Mints use the Default Account State extension to set whether new token accounts start active or frozen. If active, anyone can hold or transfer the token, making it permissionless. If frozen, each user must be approved before participating, enabling KYC and access control. This defines whether the token is open to all or gated by default.

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Investor Allowlists

GLAM Mints support allowlists to further restrict who can subscribe or redeem beyond the default account state. Only pre-approved wallet addresses can receive or interact with minted tokens. This enables jurisdictional compliance, institutional onboarding, and controlled distribution.

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Investor Blocklists

Blocklists act as an additional enforcement layer by denying specific addresses the ability to receive, hold, or transfer mint tokens. Used to manage sanctions, compromised wallets, or internal policies, blocklisted actions are automatically rejected by the token program.

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Lockup Periods

Lockup periods impose time-based restrictions on both redemptions and transfers of minted tokens. When enabled, every recipient is subject to a lockup window starting from the moment of mint or token receipt. During this period, transfers and burns (used for redemptions) are blocked at the protocol level. These constraints are enforced via Transfer Hook metadata and GLAM’s Policies program, offering strong, onchain guarantees against premature liquidity events. Lockups help align redemptions with fund terms, prevent early exits, and protect portfolio stability.