Provident Capital
  • Protocol Information
    • Deposit
      • How to Deposit
      • hTokens
      • Withdraw assets
    • Borrow
      • How to Borrow
      • Health Factor
      • Loan Repayment
      • Liquidations
      • Flash Loans
      • Interest Rate Model
    • Phase 1 - Boosted Emission Phase
    • Phase 2 - Token Generation Event
      • Provident Liquidity (pLP)
      • pLP Liquidity Options
      • Zapping pLP
      • Staking and Revenue Sharing
      • Managing pLP
    • Tokenomics
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  1. Protocol Information

Tokenomics

Provdient Capital's Native Token - PVD

PreviousManaging pLP

Last updated 1 year ago

Distribution

PVD has a total supply of 1,000,000,000 tokens.

  • 55 % emitted as incentives for suppliers and borrowers: (1) 5 % during boosted emission phase (Phase 1) released over 3 months and (2) 50 % upon TGE (Phase 2) released over 5 years

  • 20 % to the team, released over 3 years, with a three-month cliff (10% of the team allocation is locked at the genesis of the protocol and unlocks at the 3-month cliff).

  • 12 % allocated to the Provdient DAO Reserve that comprises of treasury, forming of initial liquidity pools (LPs) and LP and Bribes incentives.

  • 10 % allocated to seed investors, released over 3 years.

  • 3 % for marketing incentives