Sommelier believes enriching early tokenholders & protocol users is a powerful tool for cultivating adoption. The tokenomics model aims to reflect this.
Note : this is still work-in-progress. We are still working on the exact numbers below with the team.
PS: The fees will most likely change for future cellars depending on its performance and cellar writer preference).
| Roles | Cellar Performance Yield | Management Fee | Platform Fee | SOMM Reward |
|---|---|---|---|---|
| 1. Cellar Liquidity Provider | 90% of Yield | Liquidity mining SOMM reward based on bonding periods | ||
| 2. Sommelier (Treasury Community) | 5% of Yield (to community pool) This example is for Aave since we are bootstrapping the marketplace with our internal strategies. Fees will go to strategy makers in future cellars. | 0.025% TVL(Burned ) | ||
| 3. Cellar creator (Financial Strategists) | Cellar creators can choose to have management fees and internally decide how they would want to split the profits with the Quants. | Proposal: First 20 cellars would be paid the fixed cost by Sommelier to onboard. | ||
| Post that you can make a proposal and governance pays devs or pay devs directly if you want privacy. | ||||
| 5. Stakers (+ Validators) | 5% of Yield | 0.225% TVL | ||
| 6. Strategy Provider (Data-Science Strategy providers) | Performance fee would be charged as defined by the strategy provider in the future | Strategy Providers can choose to have management fees and internally decide how they would want to split the profits with the Data-Science team. | Proposal: First 20 cellars would be paid the fixed cost by Sommelier to onboard. | |
| Post that you can make a proposal and governance pays devs or pay devs directly if you want privacy. |
We shared the tokenomics draft earlier in the community chat and are about to make a governance proposal to finalize it for the launch.
Link to the actual tokenomics Mural
https://app.mural.co/t/sommelierfinance1819/m/sommelierfinance1819/1643784375372/bd4b69fd574950715e64411b3251863cd716656c?sender=ub00db290fd9ecd0bf9d67768