Tokenomics
Last updated
Last updated
MNTA is the governance token of MantaDAO and the entire Manta ecosystem. It has a fixed total supply of 100 million tokens with each token representing a share of ownership in the DAO and its assets.
The token was launched with the following simple distribution:
Community Airdrop
5.0%
DAO Treasury
95.0%
In total, 5% of the total token supply was airdropped to KUJI stakers proportionate to the amount of KUJI staked with no maximum cap.
The remaining token supply (95% at inception) falls under control of MantaDAO stakers, and is intended to be used to grow the protocol-owned liquidity and fund the development of new products. The larger the POL, the more trading volumes can be facilitated by MantaSwap and the higher the share of revenue distributed to MNTA stakers.
Community Airdrop
5.0%
Used to build up POL
10.4%
Contributors Grants
0.9%
Incentives & others
0.7%
DAO Treasury
83.0%
Each staked MNTA token represents a share in MantaDAO and enables stakers to receive regular distributions from operational income (MantaSwap revenue at present, more revenue generating products will be developed in the future).
In a nutshell, MNTA has the following uses cases:
This is the state of the MNTA supply per our December (if you are reading this and this chart is more than one month old, please reach out on Telegram to remind us to update 😅). Most of the non-circulating supply is being used (and will continue to be used) to build up POL.
The utility of the MNTA token is primarily to protect the MantaDAO treasury from governance attacks. MantaDAO stores POL in the form of LP tokens inside the DAO . POL is constantly being increased and extended to new assets in order to boost the trading volumes and fees from MantaSwap router, which works on top of FIN and BOW.
Since Kujira on-chain governance passed, MantaDAO is able to independently create new pools and trading pairs in BOW and FIN, and, most importantly, flexibly configure existing ones. Thus, MantaDAO truly owns its liquidity at the code level.
MNTA to protect the DAO against 51% attacks and earn rewards from protocol revenue and treasury emissions.
Participate in MantaDAO (i.e. create new proposals or vote on existing ones).
in any MNTA pair to earn a share of trading profits and any pool incentives.
using MNTA as collateral.
other tokens using MNTA as collateral on GHOST.
