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

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