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)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

Last updated