EpsiLoan Protocol
  • 🌐EpsiLoan Protocol
    • Overview
    • Diversifying Collateral Options
    • The motivation behind EpsiLoan
    • Key benefits of EpsiLoan
    • Main use cases
  • ⚙️The power of Eigen Layer
    • Empowering Ethereum Security
    • Getting Started with EigenLayer Participation
    • Welcome to the World of LRTs
  • 🔑Protocol Concepts
    • Exploring the Spectrum of Stablecoins
    • Introducing EpsiLoan's yUSD
    • Collateral types
    • Vaults
      • Flexible Loan Duration with No Set Payback Period
      • Vault Collateral Ratio: Ensuring Stability and Flexibility
    • Fees
    • Minimum Collateral Ratio (MCR) and Recommended Collateral Ratio
    • Stability Pool and Liquidations
      • Deposit yUSD to the Stability Pool: Benefits and Incentives
      • Liquidations in the EpsiLoan Ecosystem: Ensuring System Stability
      • Vault Liquidators
      • Benefits for Stability Providers
      • What happens if liquidations occur while the stability pool is unfunded?
      • What is Overall Liquidation?
    • yUSD Price Stability and Rigid Redemptions
      • Rigid Redemptions in yUSD: Ensuring Stability with Fees
      • Is a redemption the same as paying back the debt?
      • Redemption Provider
      • Can I avoid being redeemed against?
    • Keepers and Liquidators
      • How Do I Benefit as a Liquidator?
      • How to Become a Liquidator?
  • epsilon dao tokenomics
    • Overview
    • ELN and xELN
    • Token Utilities
    • Fees and Rewards
    • Total Supply and Allocation
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  1. epsilon dao tokenomics

Total Supply and Allocation

xELN has a maximum total supply of 10 billion.

The supply of xELN is allocated as follows:

  • 50% (5,000,000,000 xELN) are allocated towards emissions over a period of 6 years. These emissions are directed by the EpsiLoan DAO and incentivise certain actions within the EpsiLoan Protocol. Emissions can additionally be used to incentivize liquidity on liquidity pools.

  • 15% (1,500,000,000 xELN) will be held in the EpsiLoan DAO Treasury (linearly vesting over 2 years after TGE)

  • 10% (1,000,000,000 xELN) are allocated to the Core Contributors. These tokens have a cliff of 24 months and will be vest linearly for 24 months.

  • 6% (600,000,000 xELN) is allocated to Early Supporters who assisted in bootstrapping costs associated with the initial development of the EpsiLoan Protocol. Vesting in 10-12 months

  • 9% (900,000,000 xELN) is allocated towards Launchpads/ Liquidity Bootstraping pool and IDOs 30% of these tokens will be unlocked at TGE, the rest will follow a 9-12 month vesting schedule.

  • 5% (500,000,000 xELN) will be allocated towards marketing and partnerships.

  • 5% (500,000,000 xELN) will be allocated towards bug bounties, rewards and airdropping to build our community

PreviousFees and Rewards

Last updated 11 months ago