HackMD
$SBF Token Distribution
For this system to work, it must be fully decentralized.
We must have a fair and widespread distribution of the governance tokens.
However we can't just give tokens away to any ape who wants to dump. We need diamond hands, and we need contributors.
For the DVM to function correctly, it must have a value greater than the value of the synths at risk, and it must have a majority of rational voters.
Thus we propose a token distribution mechanisms which are aimed to bring together a widespread fair distribution, where fairness is not only based on equal access but also contributions to making StonkBase successful.
Distribution will be based on direct contribution to StonkBase, whether through sweat efforts or capital. Distribution will also be aimed at incentivizing proven contributors from other communities to participate in the StonkBase ecosystem.
Token distribution
A total of 10,000 SBF have been minted: https://etherscan.io/token/0x2697E0974E4fD348869d9CD414B7eaaD8Ee35C6e
The proposed breakdown of token distributions
| Pct. | Name | Description |
|---|---|---|
| 1% | Summoners | $SBF hath been summoned |
| 9% | Team | These are "sweat" contributors, whether devs, shills, dao ops, dao politicans, or others. Anyone can propose to contibute to the StonkBase DAO. |
| 2.5% | Dev Grants | Helping make it happen. |
| 5% | Initial Liquidity | $SBF will be added on Uniswap. |
| 15% | Treasury | Stonk Base reserve for growth. |
| 2.5% | UMA Holders | Without the UMA ecosystem this would not be possible |
| 30% | Synth Liquidity | Synth liquidity bootstrapping, staking rewards providing AMM liquidity with synth pairs |
| 35% | Infrastructure Incentives | Infrastructure providers, rewards for hosting interfaces, running keeper bots, etc. This pool awarded via DAO vote. |
Note on Inflation - new tokens are minted to reward voters, thus favoring active participants over time
Note on Deflation - tokens are burned with system fees, at an increasing rate when system value approaches 50% of total market cap, thus keeping the DVM honest
Summoners
We the summoners have put our sweat and capital into bringing this to you and ask for this meager reward.
Team
These tokens to be controlled by DAO vote and can be rewarded along with funds in the treasury. Propose a 4 year release plan for these tokens.
Dev Grants
Team work makes the dream work.
Initial Liquidity
Incentivizing liquidity is critical for initial success. Incentives should be weighted higher in the beginning and decrease over time.
Treasury
$SBF for the growth of StonkBase.
UMA Holders
While the current UMA ecosystem is currently too centralized and doxxed which makes it vulnerable to censorship, this type of decentralized system would not be possible without their hard work.
Synth Liquidity
Synth liquidity bootstrapping, staking rewards providing AMM liquidity with synth pairs.
Infrastructure Incentives
This pool of tokens can be awarded by DAO vote. An initial proposal might be to dedicate incentives for critical infrastructure such as keeper bots.
