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