SPA Tokenomics

Token distribution schedule, details of tokens held by the foundation and community treasury

SPA Circulating Supply Calculation Logic

Circulating Supply = Total Supply of SPA on Ethereum + Total Supply of SPA on Arbitrum + Total Supply of wSPA on Ethereum - wSPA locked on Arbitrum bridge - SPA balance held by major wallets - SPA locked in SPA Staking Protocol

Important contract addresses:

SPA token address (Ethereum): 0xb4a3b0faf0ab53df58001804dda5bfc6a3d59008

SPA token address (Arbitrum): 0x5575552988A3A80504bBaeB1311674fCFd40aD4B

wSPA (wrapped SPA) token address (Ethereum): 0x2a95FE4c7e64e09856989F9eA0b57B9AB5f770CB

Arbitrum bridge where wSPA is locked (Ethereum): 0xcEe284F754E854890e311e3280b767F80797180d

Major wallets with SPA tokens

Name	Address	Vesting & Purpose	Initial Allocation	% of Initial Supply
Treasury	0x4a692fD139259a5b94Cad7753E3C96350b7F2B9f 0xBA6ca0B9e7333f5e667816b85704c024AB250C9D 0x8898A38Eb8E3104f7c98622b55260E014B3a0217	This vests linearly over a 4-year time-lock, beginning from the launch date of governance protocol. The DAO will control this fund and utilize for future partnerships, marketing incentives, liquidity mining rewards, etc.	1,250,000,000	25%
Foundation	0xD95791bcab484C0552833cB558d18d4D3F198AF9 0xb56e5620A79cfe59aF7c0FcaE95aADbEA8ac32A1 0xC6e00e0E3544C93460cdFb53E85C4528EF348265	Foundation funds are being used to make initial markets and for protocol development. Since the foundation lends the tokens to third parties for market making activities, the actual token balance held in the foundation wallet will fluctuate. Foundation has burnt 375MM SPA in 2022 to further decentralise the protocol - 250MM SPA in May and 125MM SPA in September. 0xC6e00e0E3544C93460cdFb53E85C4528EF348265 is an operator wallet which is sometimes used to move tokens from Layer 1 to Layer 2.	1,250,783,000	25.02%
Bootstrap Liquidity	0x8B65CE3b4Eaa8958346096C3a9303b73f2012aCc 0xAF64e027D42bAc1C14277fd295De9Ae318eEF17E	This will be used to provide rewards for liquidity mining during protocol genesis. Future liquidity mining rewards will be funded from treasury funds	500,000,000	10%
Staking Rewards	0xCD1B1ce6ce877a9315E73E2E4Ba3137228068A59 0x3702E3e2DB2b5d037c1dbB23Ab7A51d0Cc90BD0e	This will be used to reward users who stake $SPA in the staking protocol. Stakers will earn fees from the minting and redeeming of $USDs, as well as staking rewards from the allocated rewards budget.	500,000,000	10%
Team & Advisor	0xE10b88d70b01b956782Dc98d7D4f3a931FF59Fc7	This vests linearly over 4 years with a 6 month cliff. Token unlock schedule will start from 4/1/2022 for existing team members. For new members, vesting would start at least three months from the day they join.	499,217,000	9.98%
Private Sale	0x2Fc8d8BCf4b2c0fc6594475E44c473AC3E844B6a	All SPA tokens have been vested under a strict vesting schedule of 1 year starting from 9/18/2021.	750,000,000	15%

Staking Protocol Related

Title	Chain	Contract / Wallet Address
veSPA L1	Ethereum	0xbF82a3212e13b2d407D10f5107b5C8404dE7F403
veSPA L2	Arbitrum	0x2e2071180682Ce6C247B1eF93d382D509F5F6A17
RewardDistributor L1	Ethereum	0xa61DD4480BE2582283Afa54E461A1d3643b36040
RewardDistributor L2	Arbitrum	0x2c07bc934974BbF413a4a4CeDA98713DCb8d9e16
Staking Reward	Arbitrum	0x3702E3e2DB2b5d037c1dbB23Ab7A51d0Cc90BD0e

Bootstrap Liquidity Related

Tokens from Bootstrap Liquidity have been moved to a lot of Farm rewarder contracts and deployer wallet addresses for operational reasons. Please find below the list of those addresses. We will try our best to keep this list constantly updated.

Title	Chain	Contract / Wallet Address
Bootstrap Liquidity	Ethereum	0x8B65CE3b4Eaa8958346096C3a9303b73f2012aCc
Bootstrap liquidity deployer	Ethereum and Arbitrum	0xc28c6970D8A345988e8335b1C229dEA3c802e0a6
USDs/USDC Farm Rewarder (SPA)	Arbitrum	0x1733c5bc884090C73D89303467461693c54Ba58B
SPA/USDs Farm Rewarder 1 (SPA)	Arbitrum	0x136C218Ff8E87eD68f851433685960819F06b1fE
USDs/USDC Farm Vesting (SPA)	Arbitrum	0x638d76763dE9492b609b0d8830D8F626C5933A4D
SPA/USDs Farm Vesting (SPA)	Arbitrum	0x03b35477cFD400dEdfAc06f40422491500cbc663
SPA/USDs Farm Rewarder 2 (SPA)	Arbitrum	0x36033594EC23E0f0B187f767889Eb4C539F4aE03
SPA/USDs Farm Vesting 2 (SPA)	Arbitrum	0xC0F0484a216AfF20E0ead1a1513cE40fe0AFe0fe
SPA-Reserve-L2 multi-sig	Arbitrum	0xb56e5620A79cfe59aF7c0FcaE95aADbEA8ac32A1
SPA Farm	Arbitrum	0xc150cbdDC5932258fAc768bEB4d2352D127039fd
SPA Farm rewarder	Arbitrum	0x852afF031bb282C054B26628A799D7F3a896873e
Bootstrap liquidity Arbitrum	Arbitrum	0xAF64e027D42bAc1C14277fd295De9Ae318eEF17E

SPA Buyback

The SPA that is bought back from the open markets using 50% of the auto-yield and 100% of the fees is stored in : 0xA61a0719e9714c95345e89a2f1C83Fae6f5745ef (Arbitrum One) SPA circulating supply sheet which is in Beta. It can be used to view the circulating supply breakdown for the token.