🪙Token (DYSWAP)

Tokenomics

Dyson Swap will usher in a new era of fairness and equitability for DeFi tokens on Solana.

100% of the token allocations will be given away to liquidity providers.

Token Release Schedule

The release schedule can be split up into two time periods: pre-aggregator integration, and post-aggregator integration.

Pre-Aggregator Integrations

First 30 days:

5 DYSWAP tokens per dollar per day of liquidity provisioning

Days 30-60:

2 DYSWAP tokens per dollar/day

Days 60 until aggregator integrations are complete:

1 DYSWAP token per dollar/day

The two aggregators on Solana are Jupiter and Prism. Each protocol integration will likely take some time, and Jupiter also has a TVL requirement of $500k (though we expect to hit this milestone quickly).

The above token distributions will stop once the protocol is integrated with both aggregators, regardless of when that may be.

Post-Aggregator Integrations

After integrations, DYSWAP will be released proportional to the arbitrage revenue that the liquidity provider generates.

Specifically, as in the arbitrage split, 3% of the split is reserved for potential token buyback. New DYSWAP will be minted to the LP according to the market price of DYSWAP and how much that 3% could potentially purchase. I.e., if that 3% comes out to 1 SOL, and the market price of DYSWAP is 0.2 SOL, then 5 new DYSWAP will be minted and distributed to the LP.

Token Allocation From Potential Buybacks

The protocol may decide (at its discretion) to purchase DYSWAP with the 3% reserved arbitrage proceeds.

Of the tokens obtained through buybacks there will be allocations for: team members, future investors, grantees building related products or promoting the use of the protocol, and possibly market makers on centralized exchanges. The specific allocations will depend on the annual recurring revenue of the protocol, and will be set in stone at a future date.