🚀Tokenomics

What is PALM's distribution?

50% Community Incentives: Liquidity mining incentives, long-term liquidity providers, genesis liquidity providers, and grant programs.

25% Current and Future Team: This allocation linearly vest over a three year schedule with a 3-month lock. This allocation will be split amongst a core team of eight, non-core contributors, and future team members.

15% Foundation: Development cost, economic security, smart contract auditing, service providers (legal), operational expenses, and partnerships.

1.17% Strategic Investors: Partners who have supported Palm Finance since day one. Strategic investors will have the same vesting schedule as the team and will continue to advise on future growth of the protocol.

8.83% Future investors: This allocation is set aside in the case it would be definitively beneficial to everyone to bring in additional strategic investors. All future investors will be on a vesting schedule. If not used, this 9% will be divided amongst the Foundation and Community Incentives pool.

What is PALM's emission/vesting schedule?

PALM has a max supply of 500,000,000 tokens.Our community emissions schedule will look something similar to the schedule below. The schedule is front-loaded to bootstrap the protocol, with a higher emissions rate initially, and then a constant emissions rate for the next four years after that of 5,000,000 PALM emitted per month. Token emissions will begin in July 2022.Emission rates remain subject to change depending on market conditions.

Projected Community Token Distribution Schedule

We will be allocating roughly 70% of all Palm emissions to Curve liquidity for the 6 months of the protocol, 20% to the stability pool, and 10% to Trader XXX pools — and then re-evaluate from there.

Below is our rough targeted emissions schedule, though it is subject to change. The idea is that the first 3 months of the protocol will be a bootstrapping period with elevated emissions, and from then on we will be sticking with a slower, sustainable emissions rate.

Month	Emissions in Month	Total Emitted
7/16/22	18,000,000	18,000,000
8/16/22	~12,000,000	30,000,000
9/16/22	~7,000,000	37,000,000
10/16/22	5,000,000	42,000,000
11/16/22	5,000,000	47,000,000
12/16/22	5,000,000	52,000,000
...	...	...