GoVBUSD Token Design
Last updated
Last updated
GoVBUSD is an ERC20-type token on Arbitrum One that serves as the governance and yield token of VBUSD.
GoVBUSD has the following uses:
Protocol governance
Can be deposited in the single for yield
Can be combined with other assets and deposited for yield via
Incentivizes liquidity and deposits
Additional utility to be developed in the future: choosing between trading platforms, distribution of earned income, combining liquidity of multiple stables
Max Supply: 1,000,000
Initial Raise
150,000
20% unlocked at TGE; remaining 80% locked 3 months and then released linearly over the following 9 months
Future Raises
200,000
Released linearly over 12 months
Team
125,000
6-month cliff, then tokens released linearly over the following 18 months
Liquidity Supply
100,000
Released as needed, only for adding liquidity on exchanges
Partners (e.g. Market Makers, CEXs)
50,000
Subject to different vesting schedules depending on intended use
DAO Treasury
120,000
As necessary for ecosystem growth. Controlled by the DAO, partially via governance proposals
Emissions: Liquidity Incentivization
180,000
4000 GoVBUSD/month years 1-3; 3000 GoVBUSD/month year 4
Emissions: Safety Pools
75,000
2000 GoVBUSD/month year 1; 1500 GoVBUSD/month years 2-3; 1250 GoVBUSD/month year 4
