Initial Tokenomics
Last updated
Last updated
Our ambitious tokenomics design incentivizes positive behavior from all participants for the benefit of all stakeholders. Our launch partners will receive an initial veCRST position to help them get started, and a group of loyal users from fellow ve(3,3) and partner protocols will receive a veCRST airdrop. We also plan to incentivize users who interacted with our protocol in its early days and to veFLDX holders for continuously supporting the team.
16% of the initial supply is allocated to airdrop protocols, that demonstrate their willingness to engage with our liquidity layer. When evaluating the available protocols for airdrops, we will examine a wide range of factors, such as TVL, trade volumes, bribe deployment and products. We have also sought to find a balance between native Mantle protocols and bringing those from other chains to Mantle.
One third of the above allocation (5.28% of total supply) will be locked as veNFT and will remain with team, the team will use it weekly to vote the gauges based on weekly revenue (fees + bribes) generated. This will ensure that protocols that provide more bribes get additional benefits.
Remaining two thirds allocation (10.72% of total supply) will be distributed directly to the partner protocols. The amount of veCRST airdropped to each protocol is variable and depends on the needs and value-add of each individual protocol, this will range from 0.3% - 0.8% each. These amounts are just enough to familiarize the protocols with the ecosystem and give them a headstart.
16% of the initial supply has been distributed to the team.
80% as veCRST locked for 2 years.
20% as $CRST 3 month cliff, 1 year linear vesting.
This token allocation will have 1 year linear vesting, with no unlocked tokens at launch.
The locked veCRST, will be used to vote for core pair gauges at Crust to achieve the goal of deep liquidity and extremely low slippage for high volume pairs that are not backed by bribing entities. These will include $CRST $ETH, $USDC and $USDT denominated pairs. Second, this allocation ensures that the core team has enough initial control over the protocol to align with the overall vision.
6% of the initial supply will be allocated to veFLDX (flair Dex) holders. Airdrop recipients will receive their allocation as veCRST, locked for the maximum 2-year duration.
8% of the initial supply is allocated to users of fellow ve(3,3) dexes on other chains and regular users of our partner protocols. Recipients are chosen based on certain behaviors that promote the long-term stability of said protocols, such as: locking, staking, holding, participating in governance, and continuing to support.
Airdrop recipients will receive their allocation as veCRST, locked for the maximum 2-year duration.
14% of the initial supply will be allocated to Presale Participation.
5% of the initial supply will be paired with$ETH to provide liquidity at launch.
27% of the initial supply is allocated for ecosystem grants that will be used for advisory, building strategic partnership, ensuring deep liquidity for $CRST token, community incentives and general grants.
The use of the funds will be initially decided by the team, but will be completely decentralised and decided by veCRST holders once the protocol matures.
8% of the initial supply (4M CRST) is allocated to users who are supporting us in the initial days. This includes testnet users for crust and sudoku, initial liquidity providers and traders who added liquidity and traded on our platform before $CRST deployment.
The prelaunch community incentives will be distributed in form of multiple campaigns .
Crust Liquidity Bootstrap (750000 veCRST)
This is reserved for users who are participating in our initial liquidity incentives campaign.
Airdrop recipients will receive their allocation as veCRST, locked for the maximum 2-year duration.
Crust V2 Liquidity Bootstrap (2500000 CRST + veCRST) This is reserved for liquidity bootstrap program for crust V2. More details will be shared soon.
Community Bootstrap (750000 veCRST)
This is reserved for our community members who are supporting us in our prelaunch phase.
Details will be shared soon. Airdrop recipients will receive their allocation as veCRST, locked for the maximum 2-year duration.
