Rodeo Token
Rodeo will be launching our $RDO token on Camelot June 27-30 For details on the sale, see here and WL requirements & benefits here
RDO Token
The native token in the Rodeo ecosystem.
Ticker: RDO Chain: Arbitrum Max Supply: 100,000,000 Contract: 0x033f193b3Fceb22a440e89A2867E8FEE181594D9
xRDO Token
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
Chain: Arbitrum Contract: 0x45a58482c3B8Ce0e8435E407fC7d34266f0A010D
xRDO > RDO redeem
The redeem process to convert xRDO to RDO utilizes proportional linear vesting, the duration of which is selected by the user.
To redeem: Go to https://www.rodeofinance.xyz/silos, show all Silos, click Redeem
| 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.
Tokenomics
| 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 |
Emissions
The below chart shares the most up-to-date emissions schedule for RDO.
Liquidity Incentives
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 updated
