Tokenomics
ALK is Alkemi Network’s native utility token. Based on the ERC-20 standard, ALK token’s primary utilities are network governance and incentive for network participation.
Name | Alkemi Network DAO Token |
Symbol | ALK |
Type | ERC-20 |
Decimals | 18 |
Initial Supply | 100,000,000 |
Total Supply | 200,000,000 (Fully Diluted after 4 years) |
Utility | Governance/Voting |
TGE Date | July 2021 (exact date TBA) |
Alkemi is the first decentralized liquidity network to facilitate both KYC permissioned (Verified) and permissionless (Open) liquidity pools governed by one utility token.
ALK holders will be able to propose and vote on decisions concerning protocol parameters and properties such as:
Setting interest rate models and base fee structures (e.g. origination fees)
Administering asset markets (e.g. add, remove, lock, unlock)
Updating protocol contracts and risk parameters (e.g. utilization limits, collateral ratios)
Amending admin roles (e.g. Liquidators, KYC admin)
Alkemi Network will distribute ALK rewards to liquidity providers through the Alkemi Liquidity Mining Program to incentivize network participation.
With Alkemi’s Liquidity Mining Program, 35% of total ALK supply (70 million tokens) will be distributed to liquidity providers over 4 years. At every Ethereum block creation (currently around 15 seconds per block), ~8.32 ALK tokens will be minted and distributed to liquidity providers commensurate with their participation in pools.
Liquidity Mining Program | Details |
Total ALK Token Supply | 200,000,000 |
Total Reward Allocation | 35.00% |
Mining Program Duration | 4 Years |
ALK Rewards / Year (% of total supply) | 8.75% |
ALK Rewards / Year (#) | 17,500,000 |
Number of Blocks / Year (Ethereum avg.) | 2,102,400 |
ALK Rewards Issued Per Block | 8.323820396 |
The total supply of ALK tokens over 4 years is 200,000. Until public token issuance (TGE scheduled for July 2021, exact date TBA), 50% of this supply (100,000 ALK) will be allocated to core team, investors, prior backers and the founding entity. After TGE, remaining 50% (100,000 ALK) will be allocated to the liquidity mining program and the ecosystem fund for ongoing protocol development and network growth.
Allocations | Tokens | Percentage |
Team & Advisors | 40,000,000 | 20% |
Prior Backers | 20,000,000 | 10% |
Investors | 20,000,000 | 10% |
Founding Entity Allocation | 20,000,000 | 10% |
Liquidity Rewards (post TGE) | 70,000,000 | 35% |
Ecosystem (post TGE) | 30,000,000 | 15% |
Total | 200,000,000 | 100% |
