NOTE: Distribution data carried over from earlier deployments of Pearl. No new $PEARL have been minted or distributed as part of the v2 deployment. Distribution details below were completed in June 2023.
Pearl tokenomics have been designed to incentivize positive action and align the incentives of all ecosystem participants to create shared value in the protocol. Various groups and early participants will receive initial $vePEARL positions to activate their participation in the Pearl economy, however tokenomics require continued participation to maintain longterm value.
30% $vePEARL Protocol Partnerships (locked)
30% of the initial supply was earmarked to protocols who demonstrated their willingness to engage with the exchange, rewarding the projects and communities who will make Pearl an enduring success.
Unallocated tokens continue to be managed by the team used in partnership with the re.al to provide liquidity incentives via bribe recycling.
Protocol teams who pair their tokens with core re.al chain assets i.e. USTB and contribute to the re.al public goods fund will be eligible for bribe recycling and other liquidity incentives.
22% $vePEARL Team (locked)
While the longterm success of Pearl is incentive enough, 22% of the initial supply has been allocated to the team to align them on the goal of building the leading RWA DEX. With an asset class as underdeveloped as RWAs, it's critical the team remain activated in leading both the protocol as well as the tokenized RWA category.
Core team members interests will align with Pearl through the receipt of a percentage of initial supply in the form of locked $vePEARL. This allocation allows team members to participate in the upside of the protocol while having a long-term oriented position.
Core team members will use their vote equity to support core pair gauges at launch to incentivize deep liquidity and low slippage for critical, high volume pairs including $wETH, $USDC and $PEARL. This initial allocation also helps to preserve the core team's initial control over Pearl to achieve the original vision of the protocol.
18% $vePEARL Farmer Airdrop (locked)
18% of protocol equity was allocated to to reliable ve(3,3) token lockers and liquidity providers, active participants in key DEX ecosystems and major liquidity providers.
Of the 9MM allocated, less than 2MM were claimed and the remainder were burned.
Recipients were chosen based on a number of criteria with the goal of incentivizing the early growth of Pearl through this equity and revenue share.
In an effort to build a lasting bridge between protocols with our strategic partner, 10% of $vePEARL was distributed to the Tangible community, holders of locked 3,3+ $TNGBL positions.
The Tangible community had shown a commitment to the longterm development and proliferation of tokenized RWAs and their support was critical at launch, contributing a large percentage of early TVL.
Tangible recipients received their allocation as $vePEARL, locked for the maximum 2-year duration.
10% $PEARL Ecosystem Grant (unlocked)
10% of the initial supply was allocated to a specific fund that will be used to support a wide range of projects that aim to accelerate the growth of tokenized RWAs and Pearl.
This allocation is held under the Pearl multisig wallet and is subject to approval before use.
6% $PEARL Marketing (unlocked)
6% of the initial supply was reserved for various marketing purposes including additional giveaways/airdrops, community building rewards, compensation to content creators or funds reserved for future listing purposes.
This allocation is held under the Pearl multisig wallet and is subject to approval before use.
4% $PEARL DEX Liquidity (unlocked)
4% of the initial supply was paired with $USDR to provide enough liquidity at launch.
