Tokenomics
DRAFT - SUBJECT TO CORRECTION
OPTY is a [XXX CHAIN] utility token which grants governance rights over the OptyFi Protocol. OPTY holders participate in major decisions regarding the development, operation and future direction of the Protocol.
A fixed supply of 100MM OPTY will be minted at token genesis. The supply shall be allocated as follows:
Category | Allocation (%) | Vesting / Emission |
|---|---|---|
Team and Advisors | 32% | 24 Months - Linear Unlock |
Presale Investors | 15% | 24 Months - Linear Unlock |
Air Drop | 2% | Unlocked |
Private Token Sale | 5% | Unlocked |
Community Rewards | 40% | 24 Months - Linear Emission |
Treasury | 6% | Unlocked |
OPTY Allocation
OPTY Holders have the right to participate in major decisions regarding the Protocol. This includes feature development road map, chain deployment, expansion and integrations, configuring protocol vaults, approving partner vaults as well as other protocol operations.
In the future, OPTY Holders may be entitled to benefit from exclusive access to certain OptyFi products and discounts on OptyFi fees.
The purpose of OptyFi’s Community Rewards Program is to incentivize adoption and usage until the OptyFi product has matured and Product Market Fit is achieved.
OptyFi Protocol has allocated 40% of OPTY Supply for Community Rewards. This allocation is to be emitted over a 24 month period. It is assumed that OptyFi Protocol should be able to achieve Product Market Fit during this period.
Reward Program emissions shall be routed towards the following:
- User Vault Incentives
- Partner Vault Incentives
- OPTY Staker Incentives
- Community Bounties and Prizes
During the first 24 months, the circulating supply of OPTY will increase as the allocations for Team, Advisors and Investors are unlocked and as Community Rewards are emitted.
In the future, once Vault Fees are turned on, these Fees will be used to
- 1.Cover Protocol Operation Costs
- 2.Buying Back OPTY from open market, and burn it
The latter will have a deflationary impact on circulating OPTY Supply.
At the end of 24 months, there shall be no new supply of OPTY entering the market. The only supply dynamic will be burning of OPTY with Excess Fees earned by the Protocol.
Token Phase | Objective |
|---|---|
Token Launch and Liquidity | Decentralize Governance |
Community Rewards | Grow TVL Widespread Decentralization Achieve Product Market Fit |
Buy Back and Burn | Generate Protocol Revenues Protocol Becomes Sustainable |
Last modified 11d ago