🎯Initial Token Distribution
Last updated
Last updated
veRETRO Protocol Airdrop19% of the initial supply was dedicated as an airdrop to protocols that demonstrate their willingness to engage with our liquidity layer. When evaluating the available protocols, we examined a wide range of factors, such as committed TVL, trade volumes, and product. We have also sought to find a balance between native Polygon protocols and those from other chains.
List of protocols receiving the airdrop will be updated once finalized.
27.5% of the initial supply will be distributed to $SATIN holders from Satin Exchange. Users are able to migrate their $SATIN to SATIN V2 receipt tokens to be airdropped their share of the $RETRO Recovery fund. This will be given out as 50% $RETRO and 50% veRETRO
28.5% of the initial supply was dedicated to a specific fund that will be used to support a wide range of projects that aim to accelerate the growth of Retro. These grants can go towards incentivizing lockups, LPs, and shortlisted projects to receive significant backing from the core team (smart contract development, marketing, business development, etc.).
20% of the initial supply has been distributed to the team to engage them in the long term success of Retro. The team allocation is balanced between veRETRO and $RETRO vested tokens.
The core team members will have their interests align with RETRO by receiving a percentage of the initial supply in the form of voted escrow tokens. This allocation allows team members to participate in the upside of the protocol while having a long-term oriented position.
First, core team members will vote for core pair gauges at Retro's inception in order to achieve the goal of deep liquidity and extremely low slippage for high volume pairs that are not backed by bribing entities. These will include $MATIC, $BTC, $ETH and $RETRO denominated pairs. Second, this initial allocation ensures that the core team has enough initial control over the protocol to achieve the original vision of Retro. The fact thatveRETRO mechanics include only a partial rebase capped at 15%, will ensure a dynamic supply distribution and balance the team's initial dominance.
To add an extra degree of protection and prevent team members from behaving maliciously, the initial veRETRO team allocation will be kept under RETRO’s multisig. Additionally, since the veRETRO holders are entitled to the protocol revenue through bribes and fees, we choose to balance the team allocation with vested $RETRO tokens. Thus, we encourage a fair distribution of revenue among the stakeholders.
Team allocation balance between $RETROand veRETRO:
60% as veRETRO locked for 2 years
40% as $RETRO vested 2 years vested linearly
5% of the initial supply have been paired with $CASH, $MATIC, and other bluechip tokens to provide enough liquidity at launch.
