The distribution of mined ALDs will gradually move towards the following allocation:
Distribution of emitted ALD
Liquidity providers are the actual miners that stakes liquidity to Aladdin's vaults.
The DAO Mining is designed to continually motivate Boule Members to find quality projects. For details, please check DAO Mining Mechanism.
Contributors are members who have made important contributions to the development and growth of the AladdinDAO. Contributor allocation emission stops after 4 years.
The reserve act as a treasury for the DAO. To use any assets held in the Reserve, a budget proposal must be initiated, and approved by a vote of ALD holders.
Duration: 200,000 blocks
Emission Rate: 500 ALD/Block
The first stage is an accelerated mining period lasting 4 weeks. It helps to bootstrap liquidity of AladdinDAO's platform as well as empower the DAO community with sufficient ALD tokens for boule candidate election.
There are two main purpose of the Stage One liquidity mining:
Tokens will be used for the Boule election
31% of the tokens released in the first 4 weeks (3.1%) will be reserved to incentivize Boule-led activities such as Research, R&D, Strategy Development etc.
Emission Rate: Starting at 65.03 ALD/Block with 20% reduction per year(2,600,000blocks).
The second stage of liquidity mining is a more gradual release over a long period of time to maintain liquidity incentives on AladdinDAO.
Mining Pool Weights
We choose to list Curve (renWBTC, SETH, 3Pool), Sushi (ETH/WBTC) and ALD/USDC and ALD/ETH Uniswap LPs as our genesis mining pools. Become a liquidity provider for one of the pools to start mining!
More pools will be added as the Boule Council continuously screens and adds strategies on Aladdin.