MoonLend (ML) token


The ML token is a native asset on MoonRiver and oversees the entire ecosystem for the MoonLend protocol including future iterations of the protocol.

ML tokens are required to vote and decide on the outcome of proposals through MoonLend Improvement Proposals (MLIPs). The protocol will initially be governed by the founding team, and will eventually transition to a Decentralized Autonomous Organization (DAO). As part of the DAO, holders of the ML token will be able to initiate proposals and vote on issues that will steer the direction of the protocol.

The total supply of ML will be 7,200,000,000 tokens. The token distribution is designed to ensure that market participants who actively engage with the platform will receive ML tokens. The majority of the tokens will be distributed through Liquidity Mining programs.

Distribution Breakdown

Liquidity Mining Program - 4,968,000,000 (69%)

Token Sale - 180,000,000 (2.5%)

Treasury - 972,000,000 (13.5%)

Team 720,000,000 (10%)

Advisors 360,000,000 (5%)

Total 7,200,000,000 (100%)

Token Distribution Schedules

The aim of the token distribution is to ensure healthy engagement of the protocol. A healthy protocol would be one where there is a consistently high utilization rate of the available borrowing pools balanced by an increasing lending pool. ML holders can propose improvements and collectively decide on the optimum solution for the protocol. ML tokens will be distributed in a targeted manner via Liquidity and Community Incentives to achieve a balance of high market utilization and a wide distribution of governance participants. This is subject to changes via governance as the protocol evolves and market conditions change.

Liquidity Mining Program Distribution

4,968,000,000 (69%) ML tokens will be distributed to the community. The distribution will be done via Liquidity mining incentives for users who borrow and lend on the MoonLend protocol.

Team

720,000,000 (10%) ML tokens will be distributed to the team which will be fully unlocked over 1 year, with quarterly unlocks, and a 3 month cliff after public listing.

Treasury

972,000,000 (13.5%) ML tokens are reserved for the Treasury which may be used for incentivizing partnerships and ensuring the health of the protocol. The Treasury vests quarterly over 2 years, with a 3 month cliff after public listing.

Advisory

360,000,000 (5%) ML tokens are for project advisors and providing exchange liquidity, both on DEXs and for CEX listings. These tokens will be distributed over 1 year, with quarterly unlocks, and a 3 month cliff after public listing.

Token Sale

180,000,000 (2.5%) ML tokens will be 100% available after TGE (0.003 token price)