Token: IDEA Standard: SPL Token (Solana) Total supply: 1,000,000,000 IDEA (fixed cap, no mint authority post-TGE) Decimals: 6
1. Distribution
| Allocation | % | Tokens | Unlock |
|---|---|---|---|
| Community emissions (LP rewards, farms, staking) | 30% | 300,000,000 | Programmatic, 8 years, half-life 2y |
| Treasury & initial LP | 25% | 250,000,000 | 6-month timelock on first use; thereafter governance-controlled |
| Team & core contributors | 20% | 200,000,000 | 1y cliff, then 36-month linear vest |
| Strategic investors | 15% | 150,000,000 | 6-month cliff, then 18-month linear vest |
| Ecosystem grants & partners | 10% | 100,000,000 | Released by governance proposal |
Initial circulating supply at TGE: ~90M IDEA (9%)
- Initial LP seeding (treasury): 50M
- Public/community airdrop unlock at TGE: 25M
- Liquid investor unlock at TGE: 0 (cliff)
- Liquid team unlock at TGE: 0 (cliff)
- Initial farms reserve hot-loaded: 15M
2. Emissions schedule
Community emissions (300M IDEA bucket) follow an exponential decay with a 2-year half-life:
Year 1: ~150M IDEA
Year 2: ~75M
Year 3: ~37.5M
Year 4: ~18.75M
Year 5: ~9.4M
Year 6: ~4.7M
Year 7: ~2.3M
Year 8: ~1.2M
∑ ~ 298M (rounding)
Year 8+: ~1.5%/year tail funded from treasury via governance
Emissions are split between farms (60%), staking (30%), and a community treasury drip (10%) — split ratios are governance-tunable per epoch.
3. veIDEA lock mechanics
| Lock duration | veIDEA per IDEA | LP boost multiplier (max) |
|---|---|---|
| 1 week | 0.0048 | 1.00× |
| 6 months | 0.125 | 1.19× |
| 1 year | 0.25 | 1.38× |
| 2 years | 0.50 | 1.75× |
| 4 years (max) | 1.00 | 2.50× |
Locks decay linearly. A 4-year lock with 2 years remaining holds 0.50 × IDEA veIDEA.
veIDEA is non-transferable. Lockers may:
- Extend lock duration (always increasing the end timestamp).
- Top up the locked amount at the existing end.
- Withdraw IDEA only after the lock has fully expired.
No early-exit mechanism exists. This is intentional alignment-by-design.
4. Revenue routing
Protocol fees from each module flow into a fee aggregator account. Each epoch (7 days), the aggregator distributes accumulated fees according to the governance-controlled split:
| Destination | Default share | Notes |
|---|---|---|
| veIDEA holders (pro-rata) | 50% | Streamed weekly |
| Treasury | 30% | Governance-controlled spend |
| Insurance fund | 15% | Backstops lending bad debt |
| Buyback & burn | 5% | Open-market IDEA buyback, sent to burn address |
All four percentages are governance-tunable subject to hard bounds (veIDEA ≥ 25%, insurance ≥ 5%).
5. Sink-and-source analysis
Sources of IDEA into circulation:
- Vesting unlocks (team, investors, treasury) — predictable schedule.
- Emissions to farms/staking — programmatic decay.
Sinks for IDEA:
- veIDEA locks remove tokens from liquid float (4y average target).
- Buyback & burn (~5% of fees) permanently destroys IDEA.
- Treasury accumulation (when treasury holds IDEA before deployment).
Steady-state assumption: With ≥40% of supply locked into veIDEA at 2y average duration, sustained fee revenue creates persistent buy pressure (from buyback) and persistent lock pressure (from yield-seeking lockers), offsetting emissions sell pressure.
6. Comparable analysis
| Protocol | Network | FDV at peak | Locked supply % | Annual fee revenue |
|---|---|---|---|---|
| Curve (CRV) | Ethereum | ~$6B | ~45% | ~$50M |
| Velodrome (VELO) | Optimism | ~$700M | ~70% | ~$30M |
| Aerodrome (AERO) | Base | ~$1.8B | ~65% | ~$150M |
| Ideaology (IDEA) | Solana | — | target ≥40% | — |
Solana's lower fees and faster blocks should enable Ideaology to capture similar TVL at lower operational cost per unit of throughput than EVM peers. Modeling target: $100M TVL by month 12 post-mainnet.
7. Anti-dilution and dilution math
Investors locking into veIDEA at TGE see the following dilution from year-1 emissions:
Investor allocation: 15% of supply
Year-1 emissions: 150M = 15% of supply
Year-1 dilution if investor does nothing: -15% relative
Year-1 dilution if investor locks 100% into 4y veIDEA: ~0% (proportional emissions capture)
The protocol's design makes it irrational for aligned holders not to lock. This is the lock-or-lose equilibrium that Curve discovered and we deliberately replicate.
8. Token contract addresses
To be published at TGE. Beware of impostors prior to official announcement on verified channels.
| Network | Address |
|---|---|
| Solana Devnet (MVP) | TBD on first deploy |
| Solana Mainnet | TBD at TGE |