Save (formerly Solend)
  • Introduction to Save
  • Getting Started
    • Start Here (Desktop)
    • Start Here (Mobile)
    • Supply & Borrow APY
    • Liquidations
    • Risks
    • FAQ
    • Debugging FAQ
  • DAO & Token
    • DAO
    • Token
    • IDO
  • Protocol
    • Solend Pools
    • Parameters
    • Fees
    • Liquidity Mining
    • Limits
    • Media
    • Audit
    • Bug Bounty
    • Oracles
  • Permissionless Pools
    • Introduction
    • Risks
    • Pre-Listing Checklist
    • Listing a Pool
    • Post-Listing
    • Managing a Pool
    • Switchboard v2 Guide
    • Pool Ideas
  • Architecture
    • Building Blocks
    • Software Flowchart
    • Access Controls
    • User Instructions
    • Computing Supply & Borrows
    • cTokens
      • cToken Addresses
    • Addresses
      • Mainnet
        • Main Pools
        • Isolated Pools
      • Devnet
  • Integrations
    • Introduction
    • Integration Guide
    • Solend LITE
    • Liquidators
    • Flash Loans
    • Developer Referral Fee
    • Resources and FAQ
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  • Lockups
  • Circulating supply

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  1. DAO & Token

Token

PreviousDAONextIDO

Last updated 2 years ago

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There are 100M SLND tokens. SLND’s distribution is as follows:

60% of SLND is allocated to the community. Half of that is allocated to the liquidity mining program and the other half is allocated to the Solend Treasury, owned and governed by the Solend DAO. 5% of SLND is allocated to the IDO, coming from the treasury. The Solend Treasury will own the IDO funds and LP position (details in IDO section.)

25% of SLND is allocated to the core team.

15% of SLND is allocated to VCs and Angels. Only 10% was distributed in the seed round, but an additional 5% is set aside for a potential future raise in case it’s needed.

Lockups

Seed round participants have a 3-year unlock schedule with the first third unlocking October 1, 2022, and the rest unlock 1/36th monthly after. The team also has a 3-year unlocking schedule with the first third unlocking June 1, 2022 or later (based on join date). There is no lockup for IDO participants.

Circulating supply

Solend's liquidity mining program is the main driver of circulating supply, especially early on. See this for a projection of the SLND circulating supply.

spreadsheet
SLND token distribution. Note that IDO allocation is part of the treasury.