> For the complete documentation index, see [llms.txt](https://provident-capital.gitbook.io/provident-capital/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://provident-capital.gitbook.io/provident-capital/protocol-information/tokenomics.md).

# Tokenomics

Provdient Capital's Native Token - PVD

## **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**](/provident-capital/protocol-information/phase-1-boosted-emission-phase.md)) released over 3 months and (2) 50 % upon TGE ([**Phase 2**](/provident-capital/protocol-information/phase-2-token-generation-event.md)) 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

<figure><img src="https://1494575984-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5VHBE6nbw1dvNaqtdZgR%2Fuploads%2F1gu1k2kYzLZ3AuwXvYBO%2Fimage.png?alt=media&amp;token=9b8a33b5-edc0-4679-87ba-e99f4d034b31" alt=""><figcaption></figcaption></figure>