![]() In Year 3, there will be a total of 133 million tokens released. After 365 days, this will be cut by ⅓, and thus there will be a total of 200 million tokens released in Year 2. To expound further, the thirdening schedule works as follows: In the first year, there will be a total of 300 million tokens released. Similar to Bitcoin’s halvening, where token issuance is decreased by half every four years, in Osmosis, the token issuance will be cut by ⅓ every year (365 daily epochs). Under the initial token model, new tokens would be released according to a “thirdening” schedule. Unlike most Cosmos SDK chains where tokens are distributed on a per block basis, Osmosis has daily epochs and releases new tokens only at the end of each epoch. The addition of the strategic reserve in genesis is a slight departure from the earlier Vision for Osmosis post, but we believe that the strategic reserve will be crucial in aligning key advisors and to further reward those performing important services for the chain. Osmosis will have an initial released supply of 100 million OSMO at genesis, split evenly between the Fairdrop recipients and a strategic reserve. In the post, we will present the initial token model to distribute the native token of Osmosis, OSMO, to stakeholders most aligned with the strategic direction of the protocol. However, to make this work, the community needs to be seeded with an initial distribution and token model which can then be iterated upon. ![]() In fact, this is encouraged! As new innovations come to the platform, some of which are already in works, the core tokenomics of the system will need to adapt as well. The community can decide after launch to revise the token model. Governance also allows for rapid fine-tuning of existing parameters such as liquidity mining incentives which can be adapted as often as a weekly basis.Īlong with everything else, governance will also have the opportunity to shape the direction of the protocol’s core tokenomics. Stakeholders will vote and help plan to implement new features for the protocol, like front-running protection, validator-backed oracles, and more. Almost every element of the protocol is intended to be upgraded as necessary to keep Osmosis on track to becoming the most innovative AMM platform operating today. To make such a progressive, adaptable protocol work, governance will be a key factor to Osmosis’ success. The launch of Osmosis will begin the next epoch in AMM platforms through providing a platform for modular, customizable AMMs.
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