# Allocation & Emission V2 ## Allocation V2 The `$EXTRA` token has a hard cap of **1,000,000,000** tokens, with the following allocation. {% hint style="info" %} The owner authority of EXTRA token contract has been destroyed. Verify [here](https://optimistic.etherscan.io/token/0x2dad3a13ef0c6366220f989157009e501e7938f8#readContract#F6). No more `$EXTRA` can be minted. {% endhint %} #### \* 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 (`$EXTRA`token staking users) According to a well-defined plan that aligns with the stage of protocol development. For instance, during the early stages of the protocol, emissions primarily focus on lending pools on Extra Finance. This ensures that liquidity providers can borrow their desired amount of assets to implement leveraged farming. #### \* 26% (260,000,000) for ecosystem growth, partnerships and early supporters Quarterly unlock: * V1 (Jun 2023 to Jan 2024): Each quarter unlocks 20M `$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 `$EXTRA` token on mainstream DEXes. The initial liquidity pools for OP and Base have listed on Velodrome and Aerodrome respectively, including `EXTRA/USDC` and `EXTRA/VELO` on [Velodrome](https://velodrome.finance/liquidity?query=EXTRA), `EXTRA/USDbC`, `EXTRA/WETH` and `EXTRA/USDC` on [Aerodrome](https://aerodrome.finance/liquidity?query=EXTRA). ### Burn * **Quarterly Burn of Unused Tokens** A community-driven approach will be implemented to burn a specific percentage of the remaining tokens each quarter. The exact percentage will be determined by the community on Snapshot every quarter. For 2023 Q4, of the monthly emissions `$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. () * **Epoch Regular Burn** Starting from July 2024, a certain percentage of $EXTRA tokens bought back during each epoch will be burned, based on community proposals. For details, please refer to the community proposal. () * **Token Burn Record** [**https://extrafi.notion.site/EXTRA-Token-Burn-Records-70aba7747ac3432a82be10ad46687bc0**](https://extrafi.notion.site/EXTRA-Token-Burn-Records-70aba7747ac3432a82be10ad46687bc0) ### Vesting Schedule V2 `$EXTRA` token vesting plan V2 is as follows.
### CIRCULATING TOKEN SUPPLY V2
CIRCULATING TOKEN SUPPLY (MONTHLY)12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849505152535455565758596061626364656667686970717273747576
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
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