HodlTree Token Allocation & Liquidity Mining

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Summary

  • The total supply is 100,000,000 HTRE, before the mainnet launch we locked 90,200,000 HTRE on a cold wallet.
  • The circulating supply is 9,800,000 HTRE before the mainnet launch.
  • 3,000,000 HTRE tokens are designed to reward liquidity mining.
  • HodlTree will officially open up its liquidity mining pools for farming at 17:00 UTC on September 23.

About HodlTree

HodlTree is a second-generation decentralized lending protocol. Our mission is to provide significantly improved interest rates for lenders, with a targeted rate of ~8 to 20% APY, and a zero interest rate for borrowers. You can read how it works here.

What is HTRE token?

HTRE token is HodlTree Protocol’s ERC-20 native token. HTRE tokens allow community members to engage in governance. HTRE token-holders will debate, propose, and vote on all changes to the protocol after the mainnet launch. To put a proposal for voting 3% of total tokens are needed. At least 20% of all holders have to vote for proposal acceptance. Each HTRE token is equal to one vote.

HTRE Token Allocation

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Total supply distribution

  • Treasury: 50,000,000 HTRE. The treasury holds HTRE tokens that are not in circulation yet. After the mainnet launch the future of the treasury will be decided by a collective vote. It will be decided whether to use it for rewarding users or encouraging ideas for new modules or to reduce the total number of the supply and burn🔥 part of the tokens.
  • Rewards for HodlTree protocol users: 25,000,000 HTRE. This pool is designed for ecosystem growth. The tokens from this pool will be distributed among the protocol users as a reward. By distributing them among lenders and borrowers, we make them part of our community, which aligns with the decentralization spirit.
  • Team: 10,000,000 HTRE. The vesting period will start 6 months after the mainnet launch, and quarterly for the following 24 months.
  • Strategic investors: 5,000,000 HTRE. These tokens will be used for future fundraising rounds to support HodlTree operations and growth.
  • Development & Marketing: 5,000,000 HTRE.
  • Liquidity Mining Rewards: 3,000,000 HTRE.
  • Community Grants & Bounties: 1,800,000 HTRE. This pool is designed to develop and encourage the community that will be involved in the protocol growth. We consider awards for discovering bugs, suggestions for protocol improvements, participation in our hackathons, etc.
  • Advisors: 200,000 HTRE. The vesting period will start 6 months after the mainnet launch, and quarterly for the following 24 months.

The total supply is 100,000,000 HTRE, before the mainnet launch we locked 90,200,000 HTRE on the cold wallet 0x8a2a2f4548b52af749ace95410c0d0aeca761ff8.

Circulating supply

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Circulating supply distribution

  • Development & Marketing: 5,000,000 HTRE. No lockup. Up to 5% (250,000 HTRE) per day.
  • Liquidity Mining Rewards: 3,000,000 HTRE.
  • Community Grants & Bounties: 1,800,000 HTRE.

Liquidity Mining

HodlTree will officially open up its liquidity mining pools for HTRE farming at 17:00 UTC on September 23.

HodlTree will grant HTRE rewards to farmers who contribute liquidity to the HTRE/USDC pools on Uniswap and Balancer.

  • The total mining reward is 3,000,000 HTRE.
  • Duration — 9 weeks. September 23 to November 25.
  • The total weekly reward is 333,333 HTRE. 80% for Uniswap pool & 20% for Balancer pool.
  • We will reward you with 0.04 HTRE per week for each $1 locked in the Uniswap or Balancer pool.
  • If the liquidity cap is reached, then the rewards will be distributed on a pro-rata basis, proportional to the amount of liquidity provided.
  • The minimum locked period to get rewards is 1 week.
  • The minimum value to receive a reward is 10 HTRE.
  • If, after November 25, there are undistributed rewards, the rest will go to the Community Grants & Bounties pool.
  • We are starting calculating rewards at 17:00 UTC on September 23. The first week reward will be calculated at 17:00 UTC on September 30, and then we will continue to do so weekly on Wednesdays.
  • The rewards will be calculated once a week, but they will only be distributed twice — on October 23 & November 25.
  • You can withdraw your assets at any time without any constraints.

In launching the mining, we pursue two main goals:

  1. The wider distribution of HTRE tokens that will lead us towards decentralization in governance and protocol improvement.

  2. Further fueling the development & marketing.

Pool 1: Uniswap HTRE/USDC Pool

Address: https://uniswap.info/pair/0x57e69e4385896fa4511f958e88d8775fd6a8c6c0

Pool overall reward: 2,400,000 HTRE. (80% of the total Liquidity Mining Rewards pool). Rewards will be distributed twice — on October 23 & November 25.

Pool 2: Balancer HTRE/USDC Pool

Address: https://pools.balancer.exchange/#/pool/0x02b77ad79e27ad80a0a0868cc7528520e8442c9b/

Pool overall reward: 600,000 HTRE. (20% of the total Liquidity Mining Rewards pool). Rewards will be distributed twice — on October 23 & November 25.

We will apply for the Balancer whitelist, in case of approval, farmers who have provided liquidity to the Balancer pool will also receive BAL rewards from it.

The best price for HTRE is provided by our partners Paraswap.

NEXT PHASE

We will launch Interest generating modules this fall. Some of the modules will be available in the form of external projects that anyone can use for a small fee, charged by the protocol. An article with an overview of these modules will be released later.

Stay tuned
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HTRE TOKENS ARE NOT INTENDED TO BE PURCHASED AS INVESTMENTS, NOR SHOULD THEY BE CONSTRUED AS SUCH. RATHER, HODLTREE TOKENS ARE A MEANS OF PARTICIPATING IN A COMMUNITY-OPERATED AND -GOVERNED NETWORK PROTOCOL.
NONE OF THE INFORMATION PROVIDED HEREIN CONSTITUTES ADVICE OF ANY SORT, INCLUDING TAX, LEGAL, FINANCIAL OR ANY OTHER ADVICE, NOR DOES IT CONSTITUTE A RECOMMENDATION TO PURCHASE OR USE ANY PRODUCT OR SERVICE.