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
Treasury
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
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
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
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
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
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
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.
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
Bootstrap liquidity Arbitrum
Arbitrum
0xAF64e027D42bAc1C14277fd295De9Ae318eEF17E
SPA Buyback
The SPA that is bought back from the open markets using 30% 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.
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