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Clay Tokenomics
CLAY ISSUANCE SCHEDULE
700m - 1.4bn CLAY will be issued in total. The vast majority will be issued through open protocols in order to ensure a highly decentralised ownership structure.
1. 80m CLAY to Global Access Labs as reward for funding early development. GAL will develop a complementary hedging service to those providing financial services via Sumero.
2. 300m CLAY distributed by liquidity mining
    Mined over 6 months with rewards halving every 2 months
3. 200m to be mined as part of the liquidity mining process and sent to a multisig address that will be governed by a DAO. This will be used to fund future development of the protocol.
4. Theoretical maximum of 700m CLAY issued via a 2-3 Year Zero-Coupon Bond Pool
    The figure actually emitted will be likely be much closer to 600m given liquidity mining issuance schedule (assuming investor interest).
5. 120m CLAY as governance participation rewards
    Designed to be issued in perpetuity with rewards being paid out from a pool funded by users paying CLAY to mint assets when the initial subsidy is exhausted.
Recipient
Allocation
Global Access Labs
80m
Liquidity Miners
300m
DAO Treasury
200m
Clay Savers
0-700m
Governance Participants
120m
Total
700m-1400m
Last modified 6mo ago
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