Real tokenomics, explained.
313 real public protocols (13 hand-verified). Allocations, vesting schedules, and the design choices behind them — encoded from each project's launch documentation. Click through for the full breakdown of any project, or open one in Token Economics to fork it as your starting point.
Showing 60 of 313 · total 313
60% community-controlled, 0% public sale. Retroactive airdrop to past LPs/users. The reference design for community-first DeFi governance.
L2 governance token with 56% community / 44% insider split. 4-year cliff+vest on team and investors after a controversial 1-year delay before unlocks began.
Pioneering L2 with a community-first split: 25% to airdrops + 25% to Retroactive Public Goods Funding. 19% each to insiders. Token-holder governance over a Citizens' House for non-financial decisions.
Solana liquid-staking + MEV infrastructure. 34.3% community (with a 10% TGE airdrop), insiders on 1-year cliff + 2-year vest. The signature Solana DeFi token launch of 2023.
Synthetic-dollar stablecoin protocol. 5% TGE airdrop (the famous "Shard" campaign), insiders on 1-year cliff + 3-year linear. Heavy ecosystem incentives drove rapid USDe growth.
NFT-native community token. 70.7% to communities + liquidity at TGE — including a sweep across the entire Solana NFT ecosystem, not just Pudgy holders. 88.888B supply chosen as a meme.
Proof-of-personhood network with 75% reserved for verified humans. Largest user-allocation share of any major token. Distributed via biometric verification at Orbs worldwide.
Liquid-staking governance token. 36% to the DAO treasury, 22% to founders + early team (1Y cliff + 1Y vest), 22% to investors, 6.5% to validators. Token-holder governance over a multibillion-dollar staking pool.
Lending optimiser turned full-stack lending primitive. Token was issued in 2022 but non-transferable for 2 years to align long-term holders. Heavy DAO + strategic-partner allocation.
OG governance token, low supply (~1M). Distributed via private OTC sales over years rather than a public ICO. The original lender of last resort: MKR mints to cover bad debt; protocol surplus burns MKR.
Perpetuals DEX with no VC backing and an unusually low max supply (13.25M). Most tokens distributed via XVIX/Gambit migration + esGMX rewards. The fair-launch reference for derivatives.
Yield-trading protocol. Heavy initial allocation to liquidity incentives (37%), team + investors on standard vests, vePENDLE locks for governance + boosted yield. The reference vote-escrow design.
Migrated from LEND at 100:1. Existing token holders carried over their distribution; only the 18.75% ecosystem reserve was newly minted. Demonstrates a credible token redenomination.
172.8B SPELL supply. Largest allocations: 55.1% spell incentives, 36.4% team, 8.5% ido. Insider total ~36.4%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
1.6B ACA supply. Largest allocations: 21.2% rewards, 18.8% staking emissions, 18.8% farming emissions. Insider total ~30.9%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Optimistic-oracle-based bridge by UMA + Risk Labs. 1B ACX supply: ~50% community/treasury, ~25% team & contributors, ~15% investors, smaller buckets for grants and liquidity rewards. Settlement via UMA's optimistic oracle — disputed transfers are bonded.
Base's anchor DEX, fork of Velodrome with liquid ve-NFT design. Distributes via gauge votes; veAERO holders direct emissions and earn 100% of fees on pools they vote for. Genesis distribution via airdrop to Velodrome holders + USDC/AERO LPs.
42.0B ATH supply. Largest allocations: 50% checkers & compute providers, 15% ecosystem, 12.5% team. Insider total ~29%; TGE float ~6%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
500M AGILITY supply. Largest allocations: 88% liquidity incentive, 10% treasury, 1% initial liquidity. Insider total ~0%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
5.0B ALAYAAI supply. Largest allocations: 35% user rewards, 10% ecosystem fund, 8% seed round. Insider total ~24%; TGE float ~9%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
1.0B ALEX supply. Largest allocations: 50% community, 30% employees, advisors, early investors, teams, 20% foundation. Insider total ~60%; TGE float ~50%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
10.0B ALT supply. Largest allocations: 21.5% treasury, 20% protocol development, 18.5% investors. Insider total ~38.5%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
10.0B ANKR supply. Largest allocations: 40% mining rewards, 17% team, 15% private sale 3. Insider total ~50%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
NFT-backed governance token tied to BAYC ecosystem. 1B supply. 62% community + ecosystem, 16% Yuga Labs founders, 14% investors, 8% launch contributors.
167M API3 supply. Largest allocations: 40.3% staking rewards, 17.9% founding team, 14.9% ecosystem fund. Insider total ~32.9%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Move-language L1 from former Meta engineers. 1B initial supply. ~51% community, 19% core contributors, 16.5% Aptos Foundation, 13.5% investors. Most insider tokens locked 4 years.
Optimistic rollup, ETH L2. 10B ARB supply: 36.1% team/contributors/advisors (4-year vest with 1-year cliff), 23.5% investors (same schedule), 13.3% Arbitrum DAO Treasury, 11.6% airdrops, 10% foundation, 1.5% partner DAOs. Insider total ~60% — high by L2 standards but standard for VC-backed launches.
1.0B ARKM supply. Largest allocations: 37.3% ecosystem incentives and grants, 20% core contributors, 17.5% investors. Insider total ~40.5%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
8.0B ASTER supply. Largest allocations: 44.6% future airdrops (tbd), 18.3% ecosystem & community, 17.9% airdrop. Insider total ~5.8%; TGE float ~17.9%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
100M ASX supply. Largest allocations: 50% community, 25% investors, 25% team. Insider total ~50%; TGE float ~50%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Vote-aggregator on top of Balancer (the Convex-of-BAL). 100M AURA supply distributed via emissions for veBAL deposits + bribe markets. ~50% LP rewards, ~25% treasury, smaller buckets for team and investors. Captured ~50% of Balancer's veBAL voting power at peak.
L1 with three-chain architecture (X-Chain, P-Chain, C-Chain). 720M max supply, 9.26% public sale, 50% staking rewards, 10% foundation, 10% strategic partners, 7% team, plus early backers.
1.2B AXL supply. Largest allocations: 29% community programs, 19.3% staking rewards, 13.7% company core team. Insider total ~24.5%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Original P2E phenomenon. 270M max supply, 20% play-to-earn rewards, 21% staking, 11% private sale, 4% public sale, 21% Sky Mavis team, 8% advisors, 7% ecosystem fund.
13.6B BABY supply. Largest allocations: 26.5% inflation, 22.4% early private round investors, 13.2% research and development + operations. Insider total ~36%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Programmable AMM with weighted pools. ~96M circulating supply: 38.9% to liquidity providers (ongoing emissions), 23.4% founders/options/advisors/investors, 24.7% LP rewards (TBD), 5.2% treasury, 5.2% Labs fundraising, 2.6% Labs contributors. Later introduced veBAL (Curve-style vote escrow).
10M BASESWAP supply. Largest allocations: 85.4% liquidity incentives, 5% treasury & marketing, 5% team. Insider total ~5%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
1.5B BAT supply. Largest allocations: 66.7% investor, 20% user growth pool, 13.3% brave. Insider total ~66.7%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
10.0B BEND supply. Largest allocations: 40% lend/borrow incentive, 21% team, 21% treasury. Insider total ~21%; TGE float ~5%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
7.2B QI supply. Largest allocations: 45% community incentives, 15% foundation treasury, 12.1% private. Insider total ~28%; TGE float ~12.1%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Proof-of-Liquidity L1. 500M genesis supply. ~38% community/ecosystem, 17% airdrop, 21% core contributors, 17% private sale, plus Foundation. Three-token system (BERA gas, HONEY stable, BGT governance).
5.0B BIGTIME supply. Largest allocations: 60% player rewards, 20% community / marketing, 20% ecosystem / treasury. Insider total ~0%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Decentralised AI/ML training network. 21M max supply mirroring Bitcoin's halving schedule. 100% distributed via mining (subnet validators + miners). No VC pre-sale, no team allocation.
Native-yield ETH L2 by the Blur team. 100B BLAST supply: 33% community, 25.5% core contributors, 16.5% investors, 8% Blast Foundation, 7% Blast Points (usage rewards), 7% Blast Gold (NFT app rewards), 3% Blur Foundation.
1.0B BLUE supply. Largest allocations: 32.5% user incentives, 28% strategic participants, 20% core contributors. Insider total ~48%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
NFT marketplace + aggregator focused on professional traders. 3B supply, ~51% to community/incentives, 29% to core contributors + team, 20% to investors. Largest single retroactive NFT-trader airdrop ever.
100T BONK supply on Solana. Christmas Day 2022 airdrop — 50% distributed to early Solana users (NFT holders, DeFi LPs, validators, devs). Remaining: 20% community contributors, 16% bonkDAO multisig, 7% Solana-specific marketing/grants, 5% early contributors, 2% IDO. Restored Solana's retail narrative post-FTX collapse.
2.1B BB supply. Largest allocations: 35% staking reward & delegation program, 21% investors, 14% bounce club & ecosystem reserve. Insider total ~36%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
100,000 CAMELOT supply. Largest allocations: 22.5% liquidity mining, 20% core contributors, 15% public sale. Insider total ~22%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
1.1B CANTO supply. Largest allocations: 41.8% long term liquidity mining, 32.6% medium term liquidity mining, 12.1% initial contributors. Insider total ~12.1%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
61.6B CANTON supply. Largest allocations: 40.3% super validator rewards, 25.2% app rewards (forecast), 19.1% app rewards. Insider total ~0%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
1.0B CARV supply. Largest allocations: 50% nodes & community, 19.5% founding team & advisors, 9.2% early investors. Insider total ~37%; TGE float ~4%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
First major modular data-availability L1. 1B supply. 27% public allocation, 21% R&D + ecosystem, 18% backers, 18% initial core contributors, 7% genesis drop, 6% early backers, 4% future contributors.
1.0B CELLENAFIN supply. Largest allocations: 20% airdrop, 17% ecosystem grant, 15% marketing. Insider total ~15%; TGE float ~20%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
Mobile-first L1 (later transitioned to ETH L2 in 2024). 1B supply: 26.4% staking & validator reserve, 20.9% team/advisors/founders, 18.5% community grants, 13.3% pre-launch sales, 13% initial reserve, 7.9% operational grants. Originally pegged to phone-number-based identity for emerging-market remittances.
On-chain RWA credit protocol — tokenises real-world assets (invoices, royalties, real estate) for DeFi pools. 425M initial supply, ~27% to early backers, 17% to core contributors, balance to community + treasury.
1.0B CETUS supply. Largest allocations: 50% community, 20% team & advisors, 15% investors. Insider total ~35%; TGE float ~50%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
90M FLIP supply. Largest allocations: 38% strategic investors, 24.4% treasury reserves, 12.9% contributors. Insider total ~50.8%; TGE float ~0%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.
1B max supply ICO'd in 2017. 35% to public sale, 30% to node operator incentives, 35% to Chainlink Labs. No formal vesting schedule — Labs holdings unlock at the team's discretion via on-chain transfers, which has been the source of recurring market controversy.
1.0B CHEEL supply. Largest allocations: 38.2% cheelee rewards, 28.7% marketing, 12.2% reserve fund. Insider total ~10.8%; TGE float ~10%. Data parsed from DeFiLlama Unlocks and validated against the protocol's published distribution.