# PERP Token {% hint style="info" %} **tl;dr** PERP token vesting & unlocks are 100% complete as of Sept. 2023. See also [#circulating-supply](#circulating-supply "mention"). {% endhint %} ## Staking For PERP staking see [#staking](https://docs.nekodex.org/nekodex-playground/docs-for-users/earn-yield#staking "mention") ## Contract addresses ```solidity Ethereum: 0xbc396689893d065f41bc2c6ecbee5e0085233447 Optimism: 0x9e1028f5f1d5ede59748ffcee5532509976840e0 // ⚠️ Other chains may have low/no liquidity BNB: 0x9e1028f5f1d5ede59748ffcee5532509976840e0 Gnosis: 0x7ecF26cd9A36990b8ea477853663092333f59979 Arbitrum: 0x753d224bcf9aafacd81558c32341416df61d3dac ``` ## Tokenomics {% hint style="info" %} Any additional mint or unlock of PERP tokens **must** first pass a [governance](https://docs.nekodex.org/nekodex-playground/all-about-perp/project-overview/governance "mention") vote {% endhint %} Total supply: 150MM PERP ### Circulating supply Circulating supply changes depending on how you define it. * The Perpetual DAO [locked wallet](https://etherscan.io/address/0xc49f76a596d6200e4f08f8931d15b69dd1f8033e) contains all locked PERP held by the Perpetual DAO. These tokens can only be unlocked via DAO governance vote. The most conservative view would be all tokens not in the DAO locked wallet are 'circulating'. * The [Dune](https://dune.com/perpetual_protocol/perp-hodl) dashboard maintained by the Perp Foundation team does not include PERP locked in the [vePERP vault](https://optimistic.etherscan.io/address/0xd360b73b19fb20ac874633553fb1007e9fcb2b78) in the circulating supply. * Lastly, most token tracking sites like Coingecko use their own methods but generally consider PERP locked in vePERP as part of the circulating supply. See [#id-3rd-party-token-stats](#id-3rd-party-token-stats "mention") below. ## Allocations & Vesting {% tabs %} {% tab title="Token LBP (TGE)" %} #### Allocation: 5% #### Status: Complete as of Sept 2020 A Balancer liquidity bootstrapping pool was launched in Sept 2020 and seeded with 5% of the token supply. #### Balancer pool {% embed url="" %} A Balancer pool was seeded with PERP rewards to inventivize liquidity. {% endtab %} {% tab title="Perp DAO" %} #### Allocation: 54.8% (Ecosystem & Rewards) #### Status: Ongoing This allocation is managed by the Perpetual DAO as a treasury pool. The main purpose of the treasury is for ecosystem and rewards, but may extend to any purpose voted on by the Perpetual DAO. 🗳️ All unlocks and deployments of DAO tokens are subject to DAO governance vote. #### Current allocations * 21 million PERP for rewards, grants, and bootstrapping ([link](https://gov.perp.fi/t/proposal-unlocking-perp-tokens-for-growth/245)) * 20 million PERP to establish an arms-length Market Making Entity ([link](https://gov.perp.fi/t/proposal-market-making-entity/634)) * 5 million PERP to establish a Security Entity handling audits & bounties ([link](https://gov.perp.fi/t/proposal-fund-ongoing-security/974)) * Small amounts for community building ([link1](https://gov.perp.fi/t/perpvangelist-funding-proposal/923), [link2](https://gov.perp.fi/t/proposal-funding-for-perp-user-support/973)) #### Proposals Past proposals: See [gov.perp.fi](https://gov.perp.fi/) and [vote.perp.fi](https://vote.perp.fi/) for past proposals. Future proposals: See the [#governance](https://discord.com/channels/687397941383659579/1216985506252849162) channel on Discord. {% endtab %} {% tab title="Investors" %} #### Allocation: 19.2% #### Status: Complete as of Dec 2021 Quarterly investor issuance began in Dec 2020 and completed Dec 2021. * Q4 2020 - [link](https://etherscan.io/token/0xbc396689893d065f41bc2c6ecbee5e0085233447?a=0xc49f76a596d6200e4f08f8931d15b69dd1f8033e) (see Dec 21, 2020 to March 3, 2021) * Q1 2021 - [link](https://etherscan.io/tx/0x94dd567f2384e135e488f7afc8e4eb4417516e1d3c056fd7536249a8ce8c2de2) * Q2 2021 - [link](https://etherscan.io/tx/0xacf6afc7f3a9b563f6cfbcefb26cdefd6e49999d05c7f8320cec71c1dcc33f5b) * Q3 2021 - [link](https://etherscan.io/tx/0x858f247d481faa50e9bf3e3039d2f6a29dbbc3f27cb4679ea83eefe2dae8853b) * Q4 2021 - [link](https://etherscan.io/tx/0x6750251f32c5b2220f9a132f5ad7b2ba2cc79b6678e1f2599d6c4b0c2f538374) #### Key investors | | | | -------------------------- | ------------------------------ | | Zee Prime Capital | Binance Labs | | Multicoin Capital | Mechanism Labs | | Divergence Ventures | CMS Holdings, LLC | | \[Former] Alameda Research | \[Former] Three Arrows Capital | | {% endtab %} | | {% tab title="Team Token" %} #### Allocation: 21% #### Status: Complete as of Dec 2023 Team issuance was 2.1MM PERP/quarter starting June 2021 and completed in Dec 2023. Approximately 90% of team token remains in the team treasury, with around 10% being progressively vested to current team members on a monthly basis. {% endtab %} {% endtabs %} ### Distribution chart
## 3rd Party Token Stats {% hint style="warning" %} * 3rd party tools may be inaccurate * Data may be out of date * 3rd parties use their own definitions, methods and data sources for calculation of circulating supply, market cap and other metrics. {% endhint %} * Coingecko * CoinMarketCap * Live Coin Watch * Birdeye [Optimism](https://birdeye.so/token/0x9e1028F5F1D5eDE59748FFceE5532509976840E0?chain=optimism) [Ethereum](https://birdeye.so/token/0xbC396689893D065F41bc2C6EcbeE5e0085233447?chain=ethereum) * Token Terminal * Binance * OKX * Coinbase