Tokenomics
Last updated
Last updated
$YEELD tokens are revenue shares in Yeeldx, through which holders earn profits generated by Yeeldx when staked, and are entitled to vote on important platform decisions. $YEELD, otherwise known as YEELD, is the native governance token of our project. By staking it in a YeeldFlow vault, the YEELD earnings pool or any YEELD liquidity vault, or by simply holding this token in your wallet, users will be able take part in the DAO decision-making governance processes of Yeeldx. It does not matter on which chain you hold or stake YEELD, since the governance snapshot will be multi-chain compatible. Governance proposals will have to be submitted on https://vote.yeeldx.com/#/ and users will be encouraged to vote. Users won't be needed to un-stake their tokens to participate in the voting process. This will incentivize much more voter participation as it will mean users don’t miss rewards. More details of the voting procedure are available on the Governance page.
For all the vaults deployed on every blockchain, Yeeldx has its native governance token $YEELD at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $YEELD. The revenue sharing mechanics entail you can stake $YEELD to either earn more $YEELD in a YeeldFlow Vault, or earn blue chips like $ETH, $BNB, $MATIC, $ARB and more in the YEELD Earnings Pools.
Token symbol: YEELD
Total Supply: 750 Million
Chain Supported: Mutichain BSC, ARB, Polygon
Type: ERC-20, BEP-20
YEELD BEP20 Token Address: 0xf314A36d796fbD01A135EB4CCf5289255b75D620
Early Backers Round
6%
6 Months Cliff from TGE. 1% Vested in Month 7, then vested linearly over 42 months.
Family & Friends Round
6%
6 Months Cliff from TGE. 1% Vested in Month 7, then vested linearly over 42 months.
Seed/ Private Round
6.12%
10% on TGE, rest vested linearly over 18 months with a 6 months cliff from TGE.
Liquidity Pool on DEX
3%
100% on TGE.
Treasury
17.94%
15% vested after 2 Month Cliff from TGE, rest vested linearly from Month 3 over next 20 months. Reserved for Future Investors, Partnerships, Marketing & Reward programs.
Team
19%
6 Months Cliff from TGE. 1% Vested in Month 7, then vested linearly over 42 months.
Liquidity Incentivization
41.5%
10% released after 2 months cliff from TGE. Vested linearly to the Incentivization wallet over next 46 months. Decreasing emissions will be applied as per Incentivization programs for the Vaults and Farms across Chains.
Initial Arbitrum Bridging & Incentivization
0.44%
15% vested after 1 Month Cliff from TGE. Rest vested over 6 Months.
$YEELD staked in the YeeldFlow vault allows users to accumulate more $YEELD. In order to distribute YEELD to anyone who has staked in the YeeldFlow vault, $YEELD buy-backs from the open market are performed as the token is non-inflationary and will not mint any more YEELD tokens, ever.
To get your hands on YEELD, head to one of the liquidity pools or exchanges.
YEELD follows a decaying emission schedule that infinitely approaches the 750 million hard cap.
The total emissions would start with the Liquidity Incentivization program 2 months from the TGE, where 50 YEELD per Block (on BSC) would be distributed to the initial Vaults and Farms for a period of 3 months, which will reduce to 10 YEELD after 5 months from TGE and then reduce from 8 to 7 YEELD per Block till 31st May 2024. After this the YEELD distributed will follow a decaying emission schedule based on the following formula:
X * (1-Y)^M
where:
X = First month emission
Y = monthly reduction rate
M = month of emission
The initial parameters for YEELD emission are:
X = 195,087,760
Y = 3.38%
This will continue till total YEELD for Liquidity incentivization reach 311.25 Million. Rest of the YEELD will be distributed as per the individual vesting schedules till the hard cap of 750 Million is reached.
All revenue generated on the platform from vault fees is sent to and handled by the RewardPool smart contract in the form of the native token of the chain. Anyone who stakes their $YEELD in either a YEELD Earnings Pool or a YeeldFlow vault receives their proportional share.
The YeeldFlow vault allows users to stake their $YEELD much like in the native token earnings pool but receive instead their rewards in $YEELD. By staking their $YEELD, each participant converts and compounds their share of the protocol’s revenue into more YEELD tokens. As no more YEELD tokens are to be minted, these are provided to stakers by buying YEELD from the open market with the native token of the blockchain.
This Vault is for users that want to convert and compound their share of the protocol's revenue in more YEELD tokens. As YEELD has no inflation, the strategy market buys YEELD with native token rewards.
$YEELD will be found in several decentralized exchanges including Sushiswap and PancakeSwap. Buying $YEELD usually involves exchanging it for another crypto-coin or token through a liquidity pool.
To stake your $YEELD, head over to the YeeldX site and search for our YeeldFlow or Earnings Pool vaults. You can also deposit your $YEELD into LP positions either by finding an LP vault on the YeeldX site (and zapping your $YEELD into it), or by heading to one of our partner Dexes and investing in the LP directly on their site. Finally, to use your $YEELD for voting, head over to our Snapshot site and read through the Governance page for more details.
