🍏LARA tokenomics
First and foremost a governance token with lots of utility
Why should you hold $LARA?
To have a vote in the Lara DAO, and to contribute to the determination of any of the topics outlined above, one must hold the LARA governance token. Holding LARA gives DAO members a vote in the future of Lara, allowing each DAO member to have a personal say in the community. LARA voting weight is proportional to the amount LARA a voter holds. The more LARA on a user’s address, the greater the decision-making power the voter gets. The exact mechanism of LARA voting can be upgraded just like the other DAO applications.
35% of $LARA tokens will be minted and attributed to the Lara treasury on token deployment. Anyone can propose how they can be used. If you have any initiatives you think will benefit the Lara protocol, share your thoughts in our governance forum in Discord and initiate a vote on Snapshot if properly backed by $LARA holders.
Tokenomics
| Allocation | Percentage of Total Suppy | Explanation |
|---|---|---|
DAO treasury | 30% | NO emission schedule yet. Expense subject to governance vote. |
Early users | 3% | Distributed to early users via airdrop once the protocol "trial period" ends. |
Investors | 12% | 3 month cliff, 12 month-long even vesting period. |
Presale | 10% | We aim to make the protocol lauch, as well as the DAO more populated by providing a presale buy opportunity. A special Presale contract will hold $LARA that people can buy from TGE until the end of the presale period. All remaining supply will be burnt at the end of presale. |
DEX LP incentives and signature holders | 10% | Used to provide LP incetives for DEXes and to reward pontential community representatives for their work. |
LARA developers | 20% | Will be used to cover development expenses after launch. Expense subject to governance vote. |
Initial Team | 15% | 5% unlocked instantly to core members, even distribution. For the remaining 10%: 3 month cliff, 24 month-long even vesting period. |
The protocol Trial period refers to the first 8 weeks after the mainnet launch, in which we'll conduct a closed alpha.
Utility
Besides offering a base of democratization, we truly believe that any token requires a valuable base of utility to be of interest to modern stakers.
$LARA staking
At the protocol launch, a LARA staking service will be available to users. Staking LARA will be the entry point to be an active user of the whole ecosystem. tl;dr: If you own LARA, you can benefit from better perks, if not, just use the Dapp and that's it.
Benefits of staking $LARA - staking milestones
Upon hitting staking milestones volume- and time-wise will give you discounts on the commission LARA takes on your staking, resulting in the fact that you will directly earn more, stackable with voting discounts.
Staked LARA will still give you voting rights 1:1 to $LARA tokens held in your wallets.
Staking milestones will be defined after the presale has been finished, together with the presale holders, to make them truly reachable.
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