Circulating Supply and Emission Rate of Vested Tokens

The total SOMM supply is capped at 500,000,000. The initial allocation is as follows:

150,000,000 SOMM from genesis was assigned to the Sommelier Community pool for on chain governance.
300,000,000 SOMM was allocated to the Sommelier Foundation.
50 million tokens with on chain lockups went to protocol contributors in 2020.

For more information on how the tokens are allocated and released over time, please refer to governance discussions.

Currently, the circulating supply of the SOMM token is at 24.6% (123,000,000 SOMM) of the total SOMM supply. Here’s the breakdown:

143,399,999.016526 SOMM is in the Sommelier Foundation.
195,622,778.599372 SOMM left in the Sommelier Foundation.
37,000,000 SOMM on chain locked for protocol contributors.

The core mission of SOMM right now is to drive adoption of strategy tokens. This is because SOMM staking rewards are driven by the adoption of strategy tokens. Strategies collect performance and management fees. The fees are auctioned for SOMM. Then, SOMM is distributed to stakers.

The current emission rate of vested tokens is 1/48th every month.

Breakdown of tokens

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.