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Rodeo Token
The native token in the Rodeo ecosystem.
Ticker: RDO
Chain: Arbitrum
Max Supply: 100,000,000
Contract: 0x033f193b3Fceb22a440e89A2867E8FEE181594D9
xRDO is a non-transferrable governance & utility token, correlated to staked RDO. xRDO is utilized in the Rodeo Silos in exchange for benefits such as revenue share, boosted leverage, and more. See Silos page for utility cases and conversion details
xRDO > RDO redeem
The redeem process to convert xRDO to RDO utilizes proportional linear vesting, the duration of which is selected by the user.
Text | Min Conversion Vesting | Max Conversion Vesting |
|---|---|---|
Time | 15 days | 6 months |
Ratio | 50% | 100% |
** If the selected vesting duration is lower than the maximum ratio, the unclaimed excess RDO is burned or redistributed to xRDO stakers.
Category | Percent of Supply | # of Tokens | Unlocked at TGE | Cliff (months) | Vesting Mo. (daily linear) |
|---|---|---|---|---|---|
Private Seed Round | 9.6% | 9,600,000 | 10% | - | 12 |
Public raise | 12% | 12,000,000 | 100% | - | - |
POL | 4.5% | 4,500,000 | 100% | - | - |
Airdrops | 1.0% | 1,000,000 | 0.0% | - | - |
Liquidity incentives | 30% | 30,000,000 | 0.0% | - | - |
Partner Incentives | 10% | 10,000,000 | 10.0% | | 6 |
Ecosystem | 17.9% | 17,900,000 | 10.0% | | 12 |
Team | 15.0% | 15,000,000 | 0.0% | 6 | 24 |
The below chart shares the most up-to-date emissions schedule for RDO.
Note: this schedule assumes emissions of Partners and Ecosystem funds, which are used on an as-needed basis.
To encourage utilization within the Rodeo ecosystem, liquidity incentives will aim to tackle friction points and reward long term user supporters
The initial iteration will utilize a decaying emissions rate with rewards distributed as 80:20 ratio of xRDO to RDO to encourage utilization and long term alignment of the protocol in the growth phase
Secondary iteration will introduce a dynamic flywheel to boost incentives and create more sustainable emissions
Last modified 5mo ago