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  • Yamato Protocol
    • Disclaimer
    • Contract addresses
    • CJPY(Convertible JPY Token)
    • DEX Liquidity
  • Features
    • Deposit & Withdrawal (ETH)
    • Health rate & Fee rate
    • Price Oracle
    • Redemption by user or protocol
    • Yamato Subrogation Repayment
  • User guide
    • Deposit & Withdrawal(ETH)
    • CJPY Borrowing & Repayment
    • Trade CJPY on DEX
  • YMT(Yamato DAO Token)
    • YMT,veYMT
    • veYMT
    • YMT farming
    • Boost: Health Rate & veYMT
    • veYMT gauge voting
  • FAQ
  • Extended Use Cases
    • DeFier
    • Crypto businesses
    • CEX
    • General businesses
  • Contribution to development
    • core
    • expansion
    • frontend
  • Roadmap
    • ~v1.0
    • v1.5
    • v2
    • after v2
    • Layer expansion
  • Audit
  • Others
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  • What is YMT?
  • Allocation
  • What is veYMT?
  • Purpose of veYMT

YMT(Yamato DAO Token)

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Last updated 1 year ago

What is YMT?

YMT (Yamato DAO token) is utility token embeded to Yamato Protocol.

55% of total supply will be distributed to users who use the protocol to mint CJPY.

Ticker:YMT

Contract address:TBA

DEX link:TBA

Allocation

Allocation (%)
Target
Note

5

Developers

5

Initial Investors (TXJP holders)

Airdrop to TXJP holder

5

DEX LP Rewards

Uniswap v3 YMT-ETH Pool $0.1~$1

5

DAO Treasury

5

v1 Retroactive Airdrops

10

CurveLP Rewards

2% annual vesting for 5 years

10

Investors for Phase 2 and beyond

3 years with 2-Year Cliff

55

Users Rewards

5.5% for Year 1. Distribution at diminishing rate of 10% p.a.

What is veYMT?

veYMT is a non-transferable token obtained by locking YMT.

1 YMT = 1 veYMT for a lock of up to 4 years. For a one-year lock, 1YMT = 0.25veYMT.

It decays over time and the lock period can be extended to a maximum of 4 years at any time, but cannot be shortened or cancelled.

Purpose of veYMT

Farming boost

YMT gauge voting

Indirect protocol fee acquisition (distribution of collateral through Yamato redemption)