On chain
Trading fees keep Solomon alive. When his health is full, the extra goes to people who stake SVO. The Operations 10% of the supply (100,000,000 SVO) is not sold or paid out: it sits in a pool that burns SVO alongside every burn. The numbers below come from the chain; the launch split is fixed.
Supply at launch
SVO has a fixed supply of 1,000,000,000. The token has no owner and no way to mint more. It was launched through IMD's launchpad, which sets the split:
- 80% (800,000,000) went into the SVO/IMD trading pool.
- 10% (100,000,000) is IMD's swarm allocation. It is distributed to the swarm's contributors through the launch's distributor contract: some has been claimed, and the rest stays in the contract until contributors claim it.
- 10% (100,000,000) is the Operations allocation. It has been claimed and is being used as the burn-match pool below, not sold.
Overflow to stakers
Reading the chain…
Staking
Reading the chain…
Burn-match (Operations allocation)
Reading the chain…
The rules
- Stakers earn IMD from Solomon's overflow, not from new SVO. Nothing is printed and no SVO is sold to pay them.
- Whatever is sent is streamed over 7 days, per second, in proportion to stake. Unstake any time; your IMD stays claimable.
- If nobody is staking while it streams, that part rolls into the next stream instead of being lost.
- Operations deposits the burn-match pool once. After that there is no owner and no early withdrawal. The pool burns SVO 1:1 with other burns, and it vests gradually so it cannot be spent on day one.
- One year after funding, Operations can take back whatever the pool has not matched, once. Burns still waiting are matched first. That can only happen after the year and is visible on chain.
- Your staked SVO never depends on IMD: if IMD ever misbehaves, you can still unstake.
- Staking 1,000,000 SVO for 1 day unlocks 30-minute sessions instead of 10. Adding to a stake restarts that clock.
- Rewards depend on how much surplus there is, which depends on trading. They can be zero. SVO's price can fall. This contract is new and has not been audited.
Contracts
Everything above is read from these. Nothing here has an owner key except the Safe, which can only withdraw from the vault.