BODH Token

Utility

BODH has two main utilities: locking & governance.

Locking

BODH can be locked to earn additional BODH rewards and other Incentives like a part of the protocol revenue in the future. Lockers can lock BODH from 45 to 90 days and claim these rewards. You cannot exit a lock earlier than 45 days. Exiting a lock before 90 days incur a penalty of 50% on the BODH rewards earned. BODH Locking reward emission will be calculated as:

Max. Locking rewards/second = Liquidity Mining rewards/second + Liquidity Provider rewards/second + Early unlock penalty

Examples:

1. If the liquidity mining rewards are 100 BODH/second and LP farming rewards are 50 BODH/second. Then max. BODH locking rewards will be 150 BODH/second.
2. If the max. BODH locking reward is 100 BODH/second and you lock 10% of the total locked BODH for 90 days then you earn 10 BODH/second.
3. If the max. BODH locking reward is 100 BODH/second and you lock 10% of the total locked BODH for 45 days (then exit) then you earn 5 BODH/second. Hence the Locker pays a penalty of 50% (5 BODH/second). This locking reward penalty is distributed among all the other lockers.

Hence, Locking provides protection against inflation due to LM & LP farms. This reduces dilution for Lockers.

Governance

BODH is a governance token that will be used to vote on liquidity mining weights, control protocol treasury & update protocol parameters.

Photo by Jamie Street on Unsplash

Tokenomics

TOTAL SUPPLY: 1B (Fixed)
TOKEN SYMBOL: BODH

Breakdown

Community Incentives

52% of the total token supply is allocated as community incentives. 45% out of this will be distributed to:

1. BODH token Lockers.
2. Lenders and borrowers in Bodh money markets.
3. Liquidity Providers on selected DEXs.

The remaining 7% of the BODH token will be Airdropped to:

1. DeFi Users.
2. Monastery Monks, Samaneras & Bhikkhus.

Treasury

28% of the total token supply is allocated to the protocol treasury. Out of 28%, tokens allocated to treasury 2% will be used to bootstrap the treasury via public sale & 4% will accumulate in an insurance fund to protect users from various risks. The remaining 22% of the tokens allocated to the treasury will be controlled by the governance token & can be used for:

1. Bonds: OHM style bonds
2. Protocol contributors
3. Vested Marketing
4. Strategic Partners
5. Bug bounties, grants & Audits

Team & Advisors

13% of the total token supply is allocated to the current team and strategic advisors. These tokens will be vested for 2 years.

Future Team

7% of the total token supply will be allocated to future team members with similar vesting terms as the current team.

Emissions Schedule