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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 9mo ago
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