From 445b41679eec0bb01141303631300a85233db865 Mon Sep 17 00:00:00 2001 From: CollarMaster <82932267+CollarMaster@users.noreply.github.com> Date: Sun, 9 May 2021 05:47:57 +0100 Subject: [PATCH 1/2] Create tokeneconomics.md --- tokeneconomics.md | 73 +++++++++++++++++++++++++++++++++++++++++++++++ 1 file changed, 73 insertions(+) create mode 100644 tokeneconomics.md diff --git a/tokeneconomics.md b/tokeneconomics.md new file mode 100644 index 0000000..cc4ce82 --- /dev/null +++ b/tokeneconomics.md @@ -0,0 +1,73 @@ +# Overview + +`COLLAR`(Collar Governance Token) is the governance and utility token in Collar project. + +There is a maximum total supply for `COLLAR`: `16, 777, 216`. + +Essentially `COLLAR` will be distributed in the following way: + +- `50%` for liquidity mining +- `20.3125%` for treasury +- `18.75%` for team members +- `9.375%` for investors +- `1.5625%` for advisors + +Here is the overall release plan for `COLLAR`: + +| year | total supply | +| ---- | ------------------------ | +| 1 | about 5.5 million (33%) | +| 2 | about 10 million (60%) | +| 4 | about 14.5 million (87%) | +| 8 | about 16.5 million (98%) | + +# Liquidity Mining + +`50%` of the maximum supply (`8, 388, 608`) will be distributed to liquidity mining. Each round of mining lasts for 6 months and new rounds will be launched every 3 months. The total reward for a liquidity mining round is `7/8` of previous round. and the reward for the initial round is `1, 048, 576` (`6.25%` of the maximum supply) + +| round | start time | end time | reward | +| ----- | ---------- | -------- | ----------------------- | +| 0 | month 0 | month 6 | `1, 048, 576` (`6.25%`) | +| 1 | month 3 | month 9 | `917, 504` (`5.47%`) | +| 2 | month 6 | month 12 | `802, 816` (`4.79%`) | +| 3 | month 9 | month 15 | `702, 464` (`4.19%`) | + +the reward will be distributed to liquidity providers of: + +- `CALL` and `COLL` pairs + + majority of the reward will be distributed to liquidity providers of `CALL` and `COLL` pairs to provide better liquidity and better lending and borrowing user experience. + +- `COLLAR` pairs + + about `1/5` of the reward will be distributed to liquidity providers of `COLLAR` pairs. + +- `COLLAR` single token stake + + the rest of the reward will be distributed to Collar governance pool. + +# Treasury + +`20.3125%` of the maximum supply (`3, 407, 872`) will be distributed to treasury. + +The token in treasury will be used to airdrop, IDO, bug bounty, insurance and so on to support Collar project. The release speed here is same as above. + +# Team Members + +`18.75%`of the maximum supply (`3, 145, 728`) will be distributed to team members. + +The `COLLAR` token distributed to team members is gradually unlocked at the end of each liquidity mining round. The unlock token for each round is `7/8` of previous round. and the unlock token at the end of the initial round is `393, 216` (`2.34%` of the maximum supply) + +# Investors + +`9.375%`of the maximum supply (`1, 572, 864`) will be distributed to investors and it is gradually unlocked in the same way we described above. + +# Advisors + +`1.5625%`of the maximum supply (`262, 144`) will be distributed to advisors and it is gradually unlocked in the same way we described above. + +# Protocol Revenue + +Tokens deposited on Collar as collateral and liquidity will be provide d to other protocols, such as Conves for `3CRV` and Compound for `USDC`, where they will generate yield that will benifit `Collar` governance token. (for more detail see CIP-2) + +Zombie purger mechanism (See CIP-3) will also benifit `Collar` governance token since it makes `Collar` deflationary. From 8dad0cec8002b99bf331e86fd0d0c6811eec6133 Mon Sep 17 00:00:00 2001 From: CollarMaster <82932267+CollarMaster@users.noreply.github.com> Date: Thu, 20 May 2021 16:45:28 +0100 Subject: [PATCH 2/2] Update and rename tokeneconomics.md to tokenomics.md --- tokeneconomics.md | 73 ----------------------------------------------- tokenomics.md | 69 ++++++++++++++++++++++++++++++++++++++++++++ 2 files changed, 69 insertions(+), 73 deletions(-) delete mode 100644 tokeneconomics.md create mode 100644 tokenomics.md diff --git a/tokeneconomics.md b/tokeneconomics.md deleted file mode 100644 index cc4ce82..0000000 --- a/tokeneconomics.md +++ /dev/null @@ -1,73 +0,0 @@ -# Overview - -`COLLAR`(Collar Governance Token) is the governance and utility token in Collar project. - -There is a maximum total supply for `COLLAR`: `16, 777, 216`. - -Essentially `COLLAR` will be distributed in the following way: - -- `50%` for liquidity mining -- `20.3125%` for treasury -- `18.75%` for team members -- `9.375%` for investors -- `1.5625%` for advisors - -Here is the overall release plan for `COLLAR`: - -| year | total supply | -| ---- | ------------------------ | -| 1 | about 5.5 million (33%) | -| 2 | about 10 million (60%) | -| 4 | about 14.5 million (87%) | -| 8 | about 16.5 million (98%) | - -# Liquidity Mining - -`50%` of the maximum supply (`8, 388, 608`) will be distributed to liquidity mining. Each round of mining lasts for 6 months and new rounds will be launched every 3 months. The total reward for a liquidity mining round is `7/8` of previous round. and the reward for the initial round is `1, 048, 576` (`6.25%` of the maximum supply) - -| round | start time | end time | reward | -| ----- | ---------- | -------- | ----------------------- | -| 0 | month 0 | month 6 | `1, 048, 576` (`6.25%`) | -| 1 | month 3 | month 9 | `917, 504` (`5.47%`) | -| 2 | month 6 | month 12 | `802, 816` (`4.79%`) | -| 3 | month 9 | month 15 | `702, 464` (`4.19%`) | - -the reward will be distributed to liquidity providers of: - -- `CALL` and `COLL` pairs - - majority of the reward will be distributed to liquidity providers of `CALL` and `COLL` pairs to provide better liquidity and better lending and borrowing user experience. - -- `COLLAR` pairs - - about `1/5` of the reward will be distributed to liquidity providers of `COLLAR` pairs. - -- `COLLAR` single token stake - - the rest of the reward will be distributed to Collar governance pool. - -# Treasury - -`20.3125%` of the maximum supply (`3, 407, 872`) will be distributed to treasury. - -The token in treasury will be used to airdrop, IDO, bug bounty, insurance and so on to support Collar project. The release speed here is same as above. - -# Team Members - -`18.75%`of the maximum supply (`3, 145, 728`) will be distributed to team members. - -The `COLLAR` token distributed to team members is gradually unlocked at the end of each liquidity mining round. The unlock token for each round is `7/8` of previous round. and the unlock token at the end of the initial round is `393, 216` (`2.34%` of the maximum supply) - -# Investors - -`9.375%`of the maximum supply (`1, 572, 864`) will be distributed to investors and it is gradually unlocked in the same way we described above. - -# Advisors - -`1.5625%`of the maximum supply (`262, 144`) will be distributed to advisors and it is gradually unlocked in the same way we described above. - -# Protocol Revenue - -Tokens deposited on Collar as collateral and liquidity will be provide d to other protocols, such as Conves for `3CRV` and Compound for `USDC`, where they will generate yield that will benifit `Collar` governance token. (for more detail see CIP-2) - -Zombie purger mechanism (See CIP-3) will also benifit `Collar` governance token since it makes `Collar` deflationary. diff --git a/tokenomics.md b/tokenomics.md new file mode 100644 index 0000000..1fa48b1 --- /dev/null +++ b/tokenomics.md @@ -0,0 +1,69 @@ +# Overview + +`COLLAR`(Collar Governance Token) is the governance and utility token in Collar project. + +There is a maximum total supply for `COLLAR`: `4, 294, 967, 296`. + +Essentially `COLLAR` will be distributed in the following way: + +- `50%` for liquidity mining +- `20.3125%` for treasury +- `18.75%` for team members +- `9.375%` for investors +- `1.5625%` for advisors + +Here is the overall release plan for `COLLAR`: + +> **OUTDATED** +> | year | total supply | +> | ---- | ------------------------ | +> | 1 | about 5.5 million (33%) | +> | 2 | about 10 million (60%) | +> | 4 | about 14.5 million (87%) | +> | 8 | about 16.5 million (98%) | + +# Liquidity Mining + +`50%` of the maximum supply (`TODO`) will be distributed to liquidity mining. Each round of mining lasts for 6 months and new rounds will be launched every 3 months. The total reward for a liquidity mining round is `7/8` of previous round. and the reward for the initial round is `1, 048, 576` (`6.25%` of the maximum supply) + +> **OUTDATED** +> | round | start time | end time | reward | +> | ----- | ---------- | -------- | ----------------------- | +> | 0 | month 0 | month 6 | `1, 048, 576` (`6.25%`) | +> | 1 | month 3 | month 9 | `917, 504` (`5.47%`) | +> | 2 | month 6 | month 12 | `802, 816` (`4.79%`) | +> | 3 | month 9 | month 15 | `702, 464` (`4.19%`) | + +the reward will be distributed to liquidity providers of: + +- `CALL` and `COLL` pairs + + majority of the reward will be distributed to liquidity providers of `CALL` and `COLL` pairs to provide better liquidity and better lending and borrowing user experience. + +- `COLLAR` pairs + + about `1/8` of the reward will be distributed to liquidity providers of `COLLAR` pairs. + +- `COLLAR` single token stake + + the rest of the reward will be distributed to Collar governance pool. + +# Treasury + +`20.3125%` of the maximum supply (`TODO`) will be distributed to treasury. + +The token in treasury will be used to airdrop, IDO, bug bounty, insurance and so on to support Collar project. The release speed here is same as above. + +# Team Members + +`18.75%`of the maximum supply (`TODO` will be distributed to team members. + +The `COLLAR` token distributed to team members is gradually unlocked at the end of each liquidity mining round. The unlock token for each round is `7/8` of previous round. and the unlock token at the end of the initial round is `393, 216` (`2.34%` of the maximum supply) + +# Investors + +`9.375%`of the maximum supply (`TODO`) will be distributed to investors and it is gradually unlocked in the same way we described above. + +# Advisors + +`1.5625%`of the maximum supply (`TODO`) will be distributed to advisors and it is gradually unlocked in the same way we described above.