YMT(Yamato DAO Token)
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：0x0F4Fc7d24F28C4373097733aAE53f0025D4c9C09 https://etherscan.io/address/0x0f4fc7d24f28c4373097733aae53f0025d4c9c09
DEX link：TBA
Allocation
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)
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