Document

Tokenomics

Supply, distribution, emissions, veIDEA mechanics, revenue routing, and comparable analysis.

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