SCULPT Token
Last updated
Last updated
Unlike many platforms, Sculptor has no protocol treasury. This means that the revenue generated through the platform can be distributed right back to the participants. 60% of the revenue generated through borrowing is sent to users staking SCULPT Tokens in the platform. Whether you lend or borrow, you receive SCULPT tokens for platform use.
SCULPT Rewards are vested for 3 months, but may be claimed immediately for a 50% penalty. This penalty is then distributed to users who choose to lock SCULPT for an additional 3 months. This mechanism ensures extra rewards for those who actively participate and commit to the protocol by further locking their tokens.
SCULPT stakers receive fees from protocol revenue, while SCULPT lockers receive protocol fees as well as the 50% penalties from users who exit their vests before 3 months.
SCULPT has a total supply of 100,000,000.
57% given as incentives for lenders and borrowers, released over a period of four years
20% given as incentives for SCULPT/BNB liquidity providers, released over a period of four years
5% reserved for airdrops and incentives related to marketing, contests, and incentivizing protocol use.
3% allocated for initial SCULPT liquidity.
15% to the team, vested linearly over 4 years.
The exact monthly emission rate is calculated as:
Where n is the number of months since launch.