Allocation & Emission V2

Allocation V2

The $EXTRA token has a hard cap of 1,000,000,000 tokens, with the following allocation.

The owner authority of EXTRA token contract has been destroyed. Verify here. No more $EXTRA can be minted.

* 60% (600,000,000) for the community

Monthly unlock:

• V1 (Jun 2023 to Jan 2024): Monthly emissions start at 20M $EXTRA and decay at 1% per month.

• V2 (Feb 2024 - ): Monthly emissions are 10M $EXTRA, and decay at 1% per month.

Emissions are planned to be allocated to:

• Procotol Incentives, eg. lending pools, farming pools on Extra Finance

• $EXTRA token liquidity pools on mainstream DEXes like Velodrome

• $veEXTRA holders ($EXTRAtoken staking users)

According to a well-defined plan that aligns with the stage of protocol development.

For instance, during the early stages of the protocol, emissions primarily focus on lending pools on Extra Finance. This ensures that liquidity providers can borrow their desired amount of assets to implement leveraged farming.

* 26% (260,000,000) for ecosystem growth, partnerships and early supporters

Quarterly unlock:

• V1 (Jun 2023 to Jan 2024): Each quarter unlocks 20M $EXTRA.

• V2 (Feb 2024 - ): Each quarter unlocks 10M $EXTRA.

This section primarily focuses on protocol-to-protocol collaborations, protocol grants, and business development initiatives.

* 10% (100,000,000) for team

12-month cliff period + 30-month vesting period under a quarterly unlock plan. (After 12 month locking period, each quarter unlocks 1% of the total supply.)

* 3% (30,000,000) for airdrop

The initial airdrop was completed in July 2023, while subsequent airdrops will adhere to established governance procedures.

All unclaimed airdrop tokens were burnt according to the plan on Oct 9th 2023, totaling 20,552,443 $EXTRA.

* 1% (10,000,000) for initial liquidity

To create liquidity pools for $EXTRA token on mainstream DEXes. The initial liquidity pools for OP and Base have listed on Velodrome and Aerodrome respectively, including EXTRA/USDC and EXTRA/VELO on Velodrome, EXTRA/USDbC, EXTRA/WETH and EXTRA/USDC on Aerodrome.

Burn

• Quarterly Burn of Unused Tokens

A community-driven approach will be implemented to burn a specific percentage of the remaining tokens each quarter. The exact percentage will be determined by the community on Snapshot every quarter.

For 2023 Q4, of the monthly emissions $EXTRA allocated to the community, we will burn 30% and allocate the remaining 70% to the treasury, which is the proportion decided by the community vote. (https://discord.com/channels/1009330898967212063/1186612128417857576/1186612128417857576)

• Epoch Regular Burn

Starting from July 2024, a certain percentage of $EXTRA tokens bought back during each epoch will be burned, based on community proposals. For details, please refer to the community proposal. (https://snapshot.org/#/extradao.eth/proposal/0xf4c0fd92afdec909b76213e599526a7005b82b99f7948a12c3d7ad1c53d660f3)

• Token Burn Record

https://extrafi.notion.site/EXTRA-Token-Burn-Records-70aba7747ac3432a82be10ad46687bc0

Vesting Schedule V2

$EXTRA token vesting plan V2 is as follows.

CIRCULATING TOKEN SUPPLY V2

CIRCULATING TOKEN SUPPLY (MONTHLY)	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34	35	36	37	38	39	40	41	42	43	44	45	46	47	48	49	50	51	52	53	54	55	56	57	58	59	60	61	62	63	64	65	66	67	68	69	70	71	72	73	74	75	76
Community	20,000,000	39,800,000	59,402,000	78,807,980	98,019,900	117,039,701	135,869,304	145,189,958	154,417,405	163,552,577	172,596,398	181,549,780	190,413,629	199,188,839	207,876,297	216,476,881	224,991,459	233,420,891	241,766,028	250,027,714	258,206,784	266,304,063	274,320,368	282,256,511	290,113,293	297,891,506	305,591,938	313,215,365	320,762,558	328,234,279	335,631,282	342,954,316	350,204,119	357,381,425	364,486,957	371,521,434	378,485,566	385,380,057	392,205,603	398,962,894	405,652,611	412,275,432	418,832,024	425,323,050	431,749,166	438,111,021	444,409,257	450,644,511	456,817,413	462,928,585	468,978,646	474,968,206	480,897,870	486,768,238	492,579,902	498,333,450	504,029,462	509,668,514	515,251,175	520,778,010	526,249,576	531,666,427	537,029,109	542,338,165	547,594,129	552,797,535	557,948,906	563,048,763	568,097,622	573,095,992	578,044,379	582,943,282	587,793,196	592,594,610	597,348,011	600,000,000
Ecosystem Fund	20,000,000	20,000,000	20,000,000	40,000,000	40,000,000	40,000,000	60,000,000	60,000,000	60,000,000	70,000,000	70,000,000	70,000,000	80,000,000	80,000,000	80,000,000	90,000,000	90,000,000	90,000,000	100,000,000	100,000,000	100,000,000	110,000,000	110,000,000	110,000,000	120,000,000	120,000,000	120,000,000	130,000,000	130,000,000	130,000,000	140,000,000	140,000,000	140,000,000	150,000,000	150,000,000	150,000,000	160,000,000	160,000,000	160,000,000	170,000,000	170,000,000	170,000,000	180,000,000	180,000,000	180,000,000	190,000,000	190,000,000	190,000,000	200,000,000	200,000,000	200,000,000	210,000,000	210,000,000	210,000,000	220,000,000	220,000,000	220,000,000	230,000,000	230,000,000	230,000,000	240,000,000	240,000,000	240,000,000	250,000,000	250,000,000	250,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000	260,000,000
Initial Liquidity	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
Team	-	-	-	-	-	-	-	-	-	-	-	-	10,000,000	10,000,000	10,000,000	20,000,000	20,000,000	20,000,000	30,000,000	30,000,000	30,000,000	40,000,000	40,000,000	40,000,000	50,000,000	50,000,000	50,000,000	60,000,000	60,000,000	60,000,000	70,000,000	70,000,000	70,000,000	80,000,000	80,000,000	80,000,000	90,000,000	90,000,000	90,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000
Airdrop	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000
Circulating Supply	80,000,000	99,800,000	119,402,000	158,807,980	178,019,900	197,039,701	235,869,304	245,189,958	254,417,405	273,552,577	282,596,398	291,549,780	320,413,629	329,188,839	337,876,297	366,476,881	374,991,459	383,420,891	411,766,028	420,027,714	428,206,784	456,304,063	464,320,368	472,256,511	500,113,293	507,891,506	515,591,938	543,215,365	550,762,558	558,234,279	585,631,282	592,954,316	600,204,119	627,381,425	634,486,957	641,521,434	668,485,566	675,380,057	682,205,603	708,962,894	715,652,611	722,275,432	738,832,024	745,323,050	751,749,166	768,111,021	774,409,257	780,644,511	796,817,413	802,928,585	808,978,646	824,968,206	830,897,870	836,768,238	852,579,902	858,333,450	864,029,462	879,668,514	885,251,175	890,778,010	906,249,576	911,666,427	917,029,109	932,338,165	937,594,129	942,797,535	957,948,906	963,048,763	968,097,622	973,095,992	978,044,379	982,943,282	987,793,196	992,594,610	997,348,011	1,000,000,000