🪙
DFX Token
Voting power is directly represented in the form of locking DFX token, veDFX. veDFX token holders are able to submit proposals, vote on protocol changes as a decentralized community / decentralized autonomous organization (DAO) and redirect protocol emissions to their favorite liquidity pools (LP)
Total Supply: 100,000,000Every stakeholder, including founders and investors will be distributed tokens on a continual basis, with the bulk of the tokens distributed to the community as follows. By month 96, all 100 million tokens will have been distributed.
Vesting Curve
Each allocation is vested linearly within its own period.
Token Holders | Allocation | Vesting Period |
Liquidity Providers | 35% | 96 months |
Treasury - Ecosystem DAO | 20% | 36 months |
Pre-Seed (9 investors) | 9.2% | 24 months |
Seed (11 investors) | 10.8% | 36 months |
Future Token Sale | 5% | 36 months |
Founders (4 founders) | 15% | 36 months |
Dev Fund | 5% | 36 months |
More than half of the total token supply will be distributed to the community over the span of 96 months and much of that will be towards the LPs. This ensures that the community will have majority control of the protocol in the long run.
The allocation of DFX tokens for LPs will be split into 3 intervals of 32 months each. The amount distributed per interval will decline as time goes on, starting with 65% being distributed in the first interval.
Interval | Allocation |
Month 1 to 32 | 65% |
Month 33 to 64 | 25% |
Month 65 to 96 | 10% |
During each interval, the allocated tokens are vested linearly across the 32 months and split across different pools, to be decided on a monthly basis. Once the DAO is live, DFX token holders will vote to determine the allocation between each pool.
Last modified 6mo ago