Announcing future $ROCI Tokenomics and Liquidity Incentive Program!
Today we are proud to announce the future $ROCI token and opportunity to unlock rewards via RociFi’s liquidity mining program!
The total supply of $ROCI token will be 1,000,000,000 (1B).
The token allocation will be split in the following categories
Where DAO Treasury is split and used for Partnership & Marketing, Grants, Bounties and Legal.
Token distribution in all categories except IDO will be vested between 12 and 48 months.
More granular details about the tokenomics, lockups, vesting will follow in another post!
ROCI token utilities will be intertwined with all key aspects of RociFi protocol’s highly credit-efficient flywheel: scoring, risk management and lending.
The ROCI token key utilities are
- Governance
- Scoring API for external partners — pay per call
- Scoring decentralization through score validators
- Collateral requirement and APR discounts for borrowers who are holders of required ROCI minimum amount
- Liquidity mining program for lenders and borrowers
- Capital reserve: percentage of native tokens are set aside to bootstrap reserves via protocol owned liquidity bond markets over a 2 year period to build up the treasuries’ stable coin holdings to cover losses on the protocol.
RociFi liquidity mining program allows to accrue future ROCI token while borrowing and depositing on RociFi capital-efficient lending protocol.
20% of ROCI supply, or 20,000,000 ROCI is allocated for the ROCI liquidity mining program, community distribution and liquidity pools on DEXs and CEXs.
The liquidity mining rewards allocation will be following two guiding principles
Guideline 1
The liquidity mining program is going to be split in 4 milestones
- Milestone 1: total supplied liquidity is 1M$
- Milestone 2: total supplied liquidity is 10M$
- Milestone 3: total supplied liquidity is 100M$
- Milestone 4: total supplied liquidity is 1B$
The earlier the milestone, the higher are incentives. Once a milestone is achieved, the amount of distributed incentives “quintuples”, i.e. is reduced by 5.
In Milestone 1 the minimum amount of ROCI distributed per 1$ of borrowed/deposited per 1 day is 0.0001.
Guideline 2
Each incentivised activity on ROCI has an assigned coefficient. F.e. borrowers accrue ROCI with a coefficient of 12, while lenders who lock their deposits for 180 days period accrue ROCI with a coefficient of 36.
Note, that deposits with lockups will be enabled on RociFi protocol later during the upcoming months.
According to this, lenders who deposited 5000$ on the platform for 180 days would earn 3240 ROCI tokens during Milestone 1. Borrowers who borrowed 5000$ for 30 days and repaid would have earned 180 ROCI.
Borrowers can materialise their incentives only upon repayments.
All users of RociFi to date has been automatically pre-loaded with virtual future ROCI incentives according to their previous activity on RociFi that can be tracked on the dashboard of the Polygon app
Users of zkSync dApp also accrue incentives, however, a dashboard for them will be available at a later date.