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Rose
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Tokenomics
Rose has 3 main tokens which wil be elaborated on below
Main Tokens
ROSE: The protocol’s token which is used for incentivization
stROSE: Revenue-sharing governance token which is obtained by staking ROSE and can be used to borrow RUSD
RUSD: USD-pegged Collateralized-Debt Position (CDP) Stablecoin
ROSE Tokenomics
Total/Maximum Supply: 1,000,000,000 ROSE
ROSE Token Distribution:
- 50% (500m ROSE): Farming/Liquidity Mining Incentives — 10 year halving model
ROSE Liquidity Mining Emissions Schedule
The Liquidity Mining emissions are regularly updated and reallocated as new farms are added, existing pools have been time-tested and the needs of the protocol chance due to exogenous factors. As of now, any additions or changes will be reported to the community and are open to community discussion.
Here are the ROSE tokens emitted as Liquidity Mining incentives since inception:
Text
ROSE/PAD PLP (NearPad)
ROSE/FRAX PLP (NearPad)
Stables LP (USDC/USDT/DAI)
FRAX/Stables LP
UST/Stables LP
BUSD/Stables LP
MAI/Stables LP
stROSE
Month 1
525,321
224,137
450,275
150,092
-
-
-
150,092
Month 2
412,706
157,221
530,622
157,221
314,442
68,129
-
-
Month 3
206,353
108,090
628,885
157,221
314,442
110,055
47,166
-
Total
1,144,380
489,448
1,609,782
464,534
628,884
178,184
47,166
150,092
% of Total
24.28%
10.39%
34.16%
9.86%
13.35%
3.78%
1.00%
3.18%
As seen in the above table, by the end of month 3, ROSE emissions amounted to 4,712,470 ROSE tokens.
Allocations
- 30% (300m ROSE): Team Allocation — 2 year vesting: 66.7% the first year and 33.3% the second year with tokens unvested linearly each month
- 7% (70m ROSE): Treasury — Used for marketing, future team members, potential fundraising, operations, strategic partnerships, proposals made by DAO. May be allocated a larger share of ROSE and/or assets in the future with the aim of promoting the usage of RUSD
- 6% (60m ROSE): NearPad and Abracadabra Airdrop — 5% allocated to NearPad to distribute to its stakers over 2 years and 1% airdrop to Abracadabra's SPELL token holders
- 4.5% (45m ROSE): IDO on NearPad’s Launchpad — Funds raised used to seed initial liquidity on NearPad’s DEX and remaining used for protocol operations
- 2% (20m ROSE): Advisors — 2 year linear vesting: 66.7% the first year and 33.3% the second year
- 0.5% (5m ROSE): Allocated to the initial liquidity pool on NearPad DEX
Donut Chart of ROSE Token Distribution
Last modified 2mo ago
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