Optim Finance
  • INTRODUCTION
    • Introduction
    • Roadmap
  • OADA
    • Overview
    • OADA 🟣 and sOADA 🟢
    • Flow of Funds
    • User Guides
      • Passive yield with sOADA
      • Epoch Stake Auction
    • AMOs
      • Splash DEX AMO
      • Stake Auction AMO
      • Staking AMO
    • UNHCR Donation Module
      • Automated Yield Donation Protocol
      • NFT Impact Certificate
      • Integration with the OADA Ecosystem
      • Humanitarian Partnership
      • Future Extensions
    • Governance
    • Resources
  • OTOKEN Framework
    • Introduction
      • Key Benefits
      • Who is it for?
      • Inspirations & Applications
    • Framework
      • Key Concepts
      • Use Cases
      • OTOKENs
    • Core Concepts
      • OTOKEN and sOTOKEN
      • Algorithmic Market Operations (AMOs)
      • Balancing Stability, Yield, and Adaptability
    • System Architecture
      • OTOKEN Policy
      • Staking AMO
      • Collateral Management AMO
    • Extensions & Other Modules
      • DEX AMO (Liquidity & Peg Stability)
      • Stake Auction AMO
      • Borrowing & Lending AMOs
      • Other AMOs & Opportunities
    • Multiple OTOKEN Deployments
      • Ecosystem Synergy
      • Not Just Synthetic Assets
    • Vision
      • Key Pillars of the OToken Framework
      • Future Directions & Opportunities
      • An Invitation to Innovate
    • Bug Bounty Program
  • LIQUIDITY BONDS
    • Overview
    • Bond App FAQ
    • Use Cases
      • ISPO Bonds
      • SPO Bonds
    • Bond Architecture
      • Validators
      • High Level Workflow
      • Scripts Technical
      • Transaction Flow
      • Pooled Loans
    • Guides for SPOs
      • Bond Creation
      • Bond Sales
      • SPO Bond Issue Summary
      • Bond Verification
    • Liquidity Bonds Audit
  • OUSD
    • OUSD Reserves
      • Reserve Criteria
        • Stability and Reputation
        • Compliance
        • Smart Contract Security
    • Ongoing Reserves Management
      • Reserve Asset Valuation Calculation
      • Dynamic Reserve Asset Adjustment Metrics
        • Dynamic Reserves Adjustment
    • Yield, Staking, and Flow of Funds
      • Yield Modules
        • OUSD DEX AMO
        • Future Modules (v2)
      • Staking AMO
      • sOUSD Redemption Mechanism
    • Peg Protection
      • Market Depth and Liquidity
    • Governance and Risk Framework
      • Risk Capital Requirements
      • First-Loss Capital Structure
      • Asset Allocation Framework
        • Static Governance Parameters
        • Dynamic Allocation System
    • Financial Engineering Audit
  • Leviathan
    • System Architecture
      • Background
      • Concurrency Limitations
      • Complexity in Transaction and Contract Management
    • Core Concepts
      • Deterministic Transaction
        • Guaranteed Transaction
      • Instant Finality
        • Liveness and Safety
        • Probabilistic Finality vs Instant Finality
      • Account Abstraction
        • Concept of Account Abstraction
        • Technical Implementation
        • Security and Operational Implications
      • Intent Based Transactions
        • The Infrastructure and Process of IBTs
        • Declarative Constraints in IBTs
      • Layer 2
        • Types of Layer 2 Solutions
      • Sequencers
        • Core Functions of Sequencers
        • Role in Layer 2 Rollups
        • Challenges
    • System Components
      • Understanding the System Components
      • Optim-Account (Intents to enable tx chain)
        • User Interaction and Intent Submission
        • Intent Structuring and Authentication
        • Smart Contract Functionalities and Operational Parameters
        • The Necessity of an Account-Based Framework
        • Account Abstraction and Its Role in Leviathan
      • Leviathan Sequencer System (tx chain building)
        • The Role of the Leviathan Sequencer System in Conjunction with The Optim Account
        • Sequencing and Ordering of Transactions
        • The Role of Time in the System
        • The Pragmatic Leviathan: Dealing with Potential Changes
      • The Role of OADA in the Leviathan System
        • Operational Simplification of Staking Mechanisms via OADA Integration
        • Facilitating Time Dilation and Composability
    • Processes
      • Entering Leviathan
      • Transaction Execution
      • Leaving Leviathan
    • High Level Overview
      • System Design
        • Account Abstraction Functionality
        • Guaranteed Transactions
        • Instant Finality
        • Unbreakable Transaction Chaining
        • Layer 2 Execution Environment
        • Future Sequencer Network
      • System Context
        • Limitations of current transactions chaining paradigm
        • Limitations of current inter dApp composability issues
        • Explanation of basic design and non-custodial asset inputs
        • Intent Based Transactions
        • Account Base vs eUTxO model app architecture
      • Theoretical Applications
  • GOVERNANCE
    • Governance Overview
      • Proposal Temp Check
      • Governance Proposal
        • On/Off Chain Mechanics
      • ODAO
    • Tokenomics
      • Categories
      • Vesting
    • Optim DAO Wallets
    • Protocol Profits
  • GUIDES
    • Transaction Chaining
      • Background
      • Overview
      • Pool Transaction Chaining
    • OPTIMiz Conversion
  • ODAO Stack
    • Introduction
    • Design Principles
    • Why Optim DAO Stack?
      • Current Limitations
      • ODAO Solutions
    • Key Features
      • Snapshot Voting
      • Treasury Management
      • Proposal Execution
    • System Architecture
      • Modular Framework
      • On-Chain Logic
      • Off-Chain Operations
      • User Interfaces
    • Core Modules
      • Snapshot Voting Module
      • Treasury Management Module
      • Proposal Execution Module
    • Future Roadmap
      • Potential Future Enhancements
      • Long Term Vision
  • OADA UI
    • Setup
      • Installation
      • Development Workflow
      • Troubleshooting
      • Development Tips
      • Open Source Contributions
      • FAQ
    • Key Functionalities
      • Wallet Integration
      • Dashboard
      • Transaction Management
        • UTxO Management
        • Transaction Creation and Conversion
        • Transaction Monitoring
      • Real-time Updates
        • Portfolio Value Tracking
        • Transaction Status Monitoring
    • OADA Smart Contract API
      • Minting OADA
      • Staking OADA
      • Unstaking sOADA
      • Epoch Stake Auction
        • Bid Calculation Functions
        • Auction Actions
        • Bid Form Component
        • Auction Dashboard
    • Tutorials
      • Environment Setup and Installation
      • Understanding the Project Structure
      • Basic Configuration and Customization
      • Working with Components
      • State Management and Data Flow
      • Wallet Integration and State Management
      • Smart Contract Integration
      • Advanced UI Customization
      • Testing and Quality Assurance
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  1. GOVERNANCE
  2. Tokenomics

Vesting

Public — 40% | Public Treasury — 11% | ODAO Treasury — 5%

Sale — 15% | Team — 25% | Market Making — 4% |

ODAO Controlled Tokens

  • Public (40%)

Public tokens are on a dynamic emissions schedule controlled by the ODAO. ILE emissions are 8% and vest immediately to participants.

Approximately .55% have been committed to Liquidity Bond participants to date. OPTIM token emissions of closed bonds will be available soon after the token generation event and upon bond close for the remaining to-date bond emissions.

  • POL (Protocol Owned Liquidity) (11%)

3% will vest immediately to the ODAO Treasury via ILE. These tokens are allocated to the OPTIM side of OPTIM <> ADA LP position on Spectrum DEX.

The remaining 8% is reserved to pair with future 80/20 OPTIM <> ADA pool and/or other OPTIM uses for POL that the ODAO sees fit and approves

  • ODAO Treasury (5%)

Dynamic emissions based on ODAO needs, contributions, and votes on vesting.

2% of 5% Total Allocation (100,000 OPTIM) vesting at TGE.

  • Market Making (4%)

Unknown. Subject to ODAO vote

Team Controlled Tokens

  • Sale (15%)

— 8,689,524 OPTIM (8.69% Total Supply)

2 Month Cliff from Initial Liquidity Event (i.e no tokens to VCs for 2 months)

Months 3, 4 ,5, 6 — 1,000,000 OPTIM (1%) per month

Months 7 through 27 — 223,311 OPTIM (.22%) per month

— 2,190,476 OPTIM (2.19% Total Supply) *Alameda Research Tokens

2 Month Cliff from Initial Liquidity Event

10 year linear vesting after cliff

Months 3 through 123 — 18,253 OPTIM (.018%) per month

*If owner does not come forward in timely manner to claim tokens, and if an expiry date on claims can be established by legal counsel, all 2.19% of Alameda supply will be burned

  • Team (25%)

10.5% of the 25% of tokens allocated to the team have been allocated thus far.

Team earning and vesting will occur in a continuous series of tranches. Each tranche is a period of time during which the team earns tokens. The tokens from the previous tranche vest during the following earning period. Each earning and vesting period is 20 months in duration.

*There was an earning period freeze during September & October 2023 due to TGE delay. The second earning period/ first vesting period thus begins November 2023

Team Earning Period 1 — January 2022 through August 2023 (20 months)

Tokens Earned — 10.5%

Vesting — 3 month cliff (i.e vesting begins February 2024)

17 month linear (Feb 2024 through June 2025)

Team Earning Period 2 — November 2023 through June 2025 (20 months)

Tokens Earned — 6%

Vesting — 20 month linear (July 2025 through February 2027)

Team Earning Period 3 — 20 months from July 2025 through February 2027

Tokens Earned — 4%

Vesting — 20 month linear (March 2027 through October 2028)

Future team earning periods to follow with continually decreasing token allocations until 25% is met.

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Last updated 1 year ago