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PERP Token

tl;dr

PERP token vesting & unlocks are 100% complete as of Sept. 2023. See also Circulating supply.

Staking

For PERP staking see Staking

Contract addresses

Ethereum: 0xbc396689893d065f41bc2c6ecbee5e0085233447
Optimism: 0x9e1028f5f1d5ede59748ffcee5532509976840e0

// ⚠️ Other chains may have low/no liquidity
BNB: 0x9e1028f5f1d5ede59748ffcee5532509976840e0
Gnosis: 0x7ecF26cd9A36990b8ea477853663092333f59979
Arbitrum: 0x753d224bcf9aafacd81558c32341416df61d3dac

Tokenomics

Any additional mint or unlock of PERP tokens must first pass a Governance vote

Total supply: 150MM PERP

Circulating supply

Circulating supply changes depending on how you define it.

  • The Perpetual DAO locked wallet 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 dashboard maintained by the Perp Foundation team does not include PERP locked in the vePERP vault 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 3rd Party Token Stats below.

Allocations & Vesting

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

https://etherscan.io/tx/0xfedd77123a93a71de165fd9567bcba12c17e2a3c8b2e44808818a0c8092a6850etherscan.io

A Balancer pool was seeded with PERP rewards to inventivize liquidity.

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)

  • 20 million PERP to establish an arms-length Market Making Entity (link)

  • 5 million PERP to establish a Security Entity handling audits & bounties (link)

  • Small amounts for community building (link1, link2)

Proposals

Past proposals: See gov.perp.fi and vote.perp.fi for past proposals.

Future proposals: See the #governance channel on Discord.

Allocation: 19.2%

Status: Complete as of Dec 2021

Quarterly investor issuance began in Dec 2020 and completed Dec 2021.

  • Q4 2020 - link (see Dec 21, 2020 to March 3, 2021)

  • Q1 2021 - link

  • Q2 2021 - link

  • Q3 2021 - link

  • Q4 2021 - link

Key investors

Zee Prime Capital

Binance Labs

Multicoin Capital

Mechanism Labs

Divergence Ventures

CMS Holdings, LLC

[Former] Alameda Research

[Former] Three Arrows Capital

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.

Distribution chart

3rd Party Token Stats

  • 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.

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