🎯Initial Supply and Emissions Schedule

Breakdown of initial supply and token inflation

Initial Supply

veTITANS Protocol Airdrop

19% of the initial supply was dedicated to airdrop protocols that demonstrate their willingness to engage with our liquidity layer. When evaluating the available protocols, we have examined a wide range of factors, such as TVL, trade volumes, and product. We have also sought to find a balance between native HyperEVM protocols and those from other chains.

List of protocols receiving the airdrop will be updated once finalized.

$TITANS/veTITANS Airdrop for Users

25% of the initial supply was distributed to regular users of existing HyperEVM protocols, as well as those new to the chain through TITANS. Users has been chosen based on behaviors that promote long-term stability of said protocols, such as: locking, stacking, holding, participating in governance, and continuing to support despite the challenges faced.

$TITANS/veTITANS Airdrop for TITANS NFT Minters

9% of the initial supply was allocated to TITANS NFT minters and is claimable right at launch on TITANS.

TITANS NFT minters Airdrop balance between $TITANS and veTITANS:

• 50% as veTITANS locked for 2 years

• 50% as $TITANS

Ecosystem Grant

25% of the initial supply was dedicated to a specific fund that will be used to support a wide range of projects that aim to accelerate the growth of TITANS. Shortlisted projects will receive significant backing from the core team (smart contract development, marketing, business development, etc.).

Team

18% of the initial supply has been distributed to the team to engage them in the long term success of TITANS. The team allocation is balanced between veTITANS and $TITANS vested tokens.

The core team members will have their interests align with TITANS by receiving a percentage of the initial supply in the form of voted escrow tokens. This allocation allow team members to participate in the upside of the protocol while having a long-term oriented position.

First, core team members will vote for core pair gauges at TITANS's inception in order to achieve the goal of deep liquidity and extremely low slippage for high volume pairs that are not backed by bribing entities. These will include $ARB, $BTC and $TITANS denominated pairs. Second, this initial allocation ensures that the core team has enough initial control over the protocol to achieve the original vision of TITANS. The fact that veTITANS mechanics include only a partial rebase capped at 30%, will ensure a dynamic supply distribution and balance the team's initial dominance.

To add an extra degree of protection and prevent team members from behaving maliciously, the initial veTITANS team allocation will be kept under THENA’s multisig. Additionally, since the veTITANS holders are entitled to the protocol revenue through bribes and fees, we choose to balance the team allocation with vested $TITANS tokens. Thus, we encourage a fair distribution of revenue among the stakeholders.

Team allocation balance between $TITANSand veTITANS:

• 60% as veTITANS locked for 2 years

• 40% as $TITANS vested 2 years with a 1-year cliff

Initial Liquidity Providers

4% of the initial supply have been paired with $USDT and/or $HYPE to provide enough liquidity at launch.

Emissions

ve(3,3) Dynamics

The main stakeholders of a typical AMM (on HyperEVM), including veTITANS holders, LPs, users, and protocols, are all aligned by the ve(3,3) dynamics that determine TITANS emissions.

veTITANS holders — are incentivized to vote either for the highest volume pools (because the greater the volume, the greater the amount of fees produced as a result), or the ones being bribed by protocols seeking to bootstrap their liquidity. This allows these protocols to create their own flywheel, if the token generates strong volume.

Liquidity Providers (LPs) — are incentivized with emissions driven by “Real Yield” based metrics.

Traders — benefit from the low slippage thanks to the liquidity provided, in concert with the latest and greatest battle-tested vAMM / sAMM tech.

Protocols — have access to a cooperation oriented liquidity layer. They benefit from capital efficient trading conditions for their tokens, and they can incentivize their liquidity via bribes offered to veTITANS holders.

Emissions specifications

• Weekly emissions (at inception): 2,000,000 $TITANS

• Weekly emissions decay: 1%

• Weekly developer wallet allocation: 2.5% (lowered from 4%)

• Weekly veTITANS rebase: Up to 30%

• Emissions for liquidity providers: 67.5% (1.5% added from the dev allocation)