Historical Emissions
With the launch of the Coordination Protocol, we are no longer emitting new ROOK. This page serves as an archive for previous emissions.
The initial token supply is 1,000,000 ROOK. All ROOK tokens are fluid upon launch and should be counted as part of the circulating supply.
Genesis Token Allocation (Pre-inflation) | Proportion |
Team members & advisors | 21% |
Ecosystem incentives (liquidity / arbitrage rewards) | 20% |
Treasury reserve | 30% |
Early liquidity providers | 2% |
ROOK liquidity provisioning | 5% |
Reserve for partnerships & growth | 10% |
Strategic investors | 12% |
Total | 100% |
The emission of ROOK tokens gradually decreases by every quarter.
ROOK emission schedule
- ROOK is emitted on a per-block basis.
- The initial supply was 800,000 ROOK.
- The first quarter emits 200,000 ROOK.
- As a general rule, the total ROOK emitted during a quarter is 70% of the total ROOK emitted during the previous quarter. This percentage is known as the decay.
- Governance can choose to alter the decay.
Distribution refers to where newly emitted ROOK is sent. Generally speaking, governance controls the precise distribution of ROOK amongst users. Below we outline prior distribution by Quarter (now referred to as Acts).
First Quarter Distribution | % |
Liquidity Providers | 30% |
Keepers | 70% |
Total | 100% |
Second Quarter Distribution | % |
Liquidity Providers | 30% |
Traders (via Hiding Game) | 70% |
Total | 100% |
Third Quarter (Act III) Distribution | % |
Liquidity Providers | 20% |
Traders (via Hiding Game) | 30% |
Borrowers (via Hiding Vault) | 50% |
Total | 100% |
Fourth Quarter (Act IV) Distribution | % |
Liquidity Providers | 20% |
Traders (via Hiding Game) | 40% |
Borrowers (via Hiding Vault) | 40% |
Total | 100% |
When the Rook Protocol (for coordinating MEV between Keepers) and governance are introduced, ROOK distributions will likely be adjusted via Governance.
The end goal is to incentivize participation in Rook, and to disincentive holding ROOK but not participating in any of its MEV mechanisms.