- Llama (LMA)
- Max Supply: 10 million
- Distribution:
- 56% LP rewards
- 14% LMA/ETH LP rewards
- 5% Treasury
- 10% Advisors/Seed Investors
- 15% Team
- Distribution Vesting
- Treasury: each block over 1 year
- Team: each block over 1 year
- Advisors: each block over 1 year
- Initial Float
- 5% of the supply will be received by LP in the first two weeks. The goal is to avoid a supply stretched too thin at launch
- LP Rewards Mechanisms
- 10% of the supply is given out on the first year after the initial two weeks period, inflation goes down by 15% every year after that
- LP rewards have a vesting mechanism with 33% unlocking immediately and 67% unlocking six months later
- LMA/ETH LP Mechanisms
- 4% the first month, 10% for a year after that
- Utility
- Performance fee is distributed to LMA stakers for Curve and AAVE products
- Trading fees from the traditional DeFi indexes
- Liquidity rewards
- Governance of the dashboard
- Misc
- Treasury will be held by multisig. Reward for community driven activities. Could be burnt too if so desired.
- Farming rewards can be claimed via staking contracts.
- LMA can be staked to receive protocol fees