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
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.
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 250MM SPA on May 2022 and pledged to burn another 250MM SPA by end of 2022 to further decentralise the protocol.
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.
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.
Allocation of $SPA from the private sale has begun under a strict vesting schedule of 1 year starting from 9/18/2021.
750,000,000
15%
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
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)