The Breakdown
SummerTime Finance Tokenomics
Last updated
Was this helpful?
SummerTime Finance Tokenomics
Last updated
Was this helpful?
The max supply of $SUMMER tokens will be 555,000,000 (555M, hard-capped)
The breakdown:
60% to the community
16% to the team
2 years vesting schedule, with a 6-month cliff, then a weekly release schedule after the cliff period is over, for 18 months
6% to advisors
10% to fundraising
Dedicated to raising initials funds required to get SummerTime Finance off the ground (will most likely involve family, friends, liquidity bootstrapping, angels, if any, and optionally VC investors)
4% will be used for liquidity bootstrapping in selected AMM
10% will be used to reward LPs who are early adopters of SummerTime
These are SHELL stablecoin borrowers, users of the collateralized lending service. Their rewards will be distributed through yield farming
A breakdown of the community vesting schedule:
50% is released immediately to the user per block earnings
50% is accumulated for 60 days (2 months) from the day you participated or contributed to any part of the protocol.
These tokens are then released all at once once the 60-day vesting period has been satisfied. The 60-day timer starts the moment you make any initial interaction in any part of the whole SummerTime Finance smart contracts.
This reduces the selling pressure of the SummerTime SUMMER tokens from the onset and onwards.
The community vesting schedule is our distribution system that enables the following:
Long-term participation in the ecosystem.
Create a robust and diverse community and/or treasury.
Create locking and vesting to reduce inflation and align stakeholders long-term.
Penalize users who leave pools too quickly and try to manipulate prices or optimize farming
Create a community aligned with the long-term success of SummerTime
Note: All supply distributions are subject to change with community feedback and governance discussions.
