Tokenomics
Last updated
Last updated
Purpose: Ownership and governance of the Karvana DAO, which will serve as a
Supply: KARVANA starts with an initial supply of ~1.3 Billion tokens and follows a decaying emission schedule analogous to Bitcoin. The initial annual emission rate is 21% and decays exponentially by 2^1/4 each year, which will result in a total max supply of ~3 Billion tokens
50% for liquidity pool incentive rewards
20% for team & advisors with 2 year vesting
20% for early investors with 2 year vesting
10% for community and marketing fund
Address (Fantom): TBD
Purpose: Stablecoin pegged to $1 and fully backed by redeemable collateral. Used for and
Supply: The supply of kUSD expands and contracts in proportion to the amount of collateral locked in the Karvana lending vaults
Address (Fantom): TBD
Karvana will be a cross-chain protocol, and our tokens will seamlessly bridge among a multitude of EVM compatible blockchains