YMT(Yamato DAO Token)
Last updated
Last updated
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 (%) | Target | Note |
|---|---|---|
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.
Farming boost
YMT gauge voting
Indirect protocol fee acquisition (distribution of collateral through Yamato redemption)
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.
