Tokenomics

Overview

ALK is Alkemi Network’s native utility token. Based on the ERC-20 standard, the 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
September 2021

Governance Utility

Alkemi is the first decentralized liquidity network to facilitate both KYC / AML 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)

Liquidity Rewards

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 13.3 seconds per block), ~7.38 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.)
2,371,128
ALK Rewards Issued Per Block
7.38045352

Supply & Distribution

The total supply of ALK tokens after 4 years will be 200,000,000. 50% of this supply (100,000,000 ALK) is allocated to the core team, investors, prior backers and the founding entity at TGE. After TGE, the remaining 50% (100,000,000 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
70,000,000
35%
Ecosystem
30,000,000
15%
Total
200,000,000
100%

Vesting Schedule

Group
Vesting
Team
48 months
Investors
48-6 months
Pre-TGE liquidity mining rewards
6 months
Last modified 1mo ago