All H2O will be minted as the result of OCEAN being put into SAFEs as collateral in order to borrow H2O from the system.
Total Supply: 1,000,000 $PSDN
POSEIDON will be initially distributed as follows:
- 25% of the total supply will be allocated to the H2O protocol treasury for contributor compensation, treasury raises and swaps.
- 15% of the total supply will be distributed to New Order DAO, who are a permissionless incubator that built H2O.
- 4% of the total supply will be Airdropped to New Order stakers as part of bootstrapping H2O activity via distribution to ecosystem members.
- 5% will be sold to investors to fund runway and operations, who are subject to a 6 month cliff (10% unlock) then a linear vest over 2 years.
- 4% of the total supply will be airdropped to Ocean Snapshot voters to incentivize H2O protocol use and distribute governance to ecosystem members.
- 3% of the total supply will be allocated to the Ocean DAO treasury.
- 10% of the supply will be distributed to the core team that founded the protocol and will lead operations. These tokens will be subject to a 1-year cliff (10% unlock) then a linear vest over 3 years.
- 7% of the total supply will be allocated as Reflexer community rewards, further distributing governance among ecosystem members.
- 15% will be allocated as liquidity mining rewards.
- 12% will be distributed to Ocean protocol data farmers as liquidity incentives.
Last modified 10mo ago