$L4VA Tokenomics

Overview of the $L4VA Token, supply, and emissions.

*The L4VA Token is not currently available. The L4VA Token will be first accessible via a discounted pre-sale exclusively for Relics NFT Holders and $VLRM holders, with allocations based on holdings of each. The Pre-sale and Public Sale is slated to coordinate with the release of Test Net*

$L4VA is the governance, fee token, and benefits token of the L4VA Protocol.

Distribution

Pre-sale (15%): The L4VA Token will be distributed initially via a discounted pre-sale, which will be offered exclusively to Relics and VLRM holders, where the amount of VLRM held will align pro-rata with the allocation of the pre-sale available to that wallet. Targeting late Q1 2025.
Public Sale (22%): The L4VA Token will also be distributed via a public sale at an attractive price to distribute the token to a large number of holders across Cardano. Targeting Q2 2025 upon the release of the L4VA Protocol test-net.
Protocol Rewards (34%): There will be a monthly allocation of L4VA to be distributed in the form of rewards to Vault Creators, Vault Contributors, and Vault Investors, which is equal to the total Protocol Rewards budget divided by 60 months (5 years), allocated to each vault based on the pro-rata TVL contribution of a given vault over the past 30 days, and split into 12 monthly installments to vest beginning on the vault date and ending on the vault termination date (if that date falls in less than 12 months from the vault creation date). This emission is effectively an incentive to reward Vault creators and vault participants (asset contributors and investors).
Team (20%): Allocation to the L4VA Team over 4 year vesting schedule.
Causes DAO (3%): The Causes DAO is a fund of L4VA that will be granted to causes, projects, intiatives voted on by the L4VA holders.
Farming Rewards (3%): Budget for bonus rewards for LP farming incentives.
Staking Rewards (3%): Budget for staking rewards bonus APY % yield.

Notice: Tokenomics are subject to change leading up to the pre-sale of the L4VA token, but the above are our expectation for L4VA token distribution and emissions.

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Distribution

Pre-sale (15%): The L4VA Token will be distributed initially via a discounted pre-sale, which will be offered exclusively to Relics and VLRM holders, where the amount of VLRM held will align pro-rata with the allocation of the pre-sale available to that wallet. Targeting late Q1 2025.

Public Sale (22%): The L4VA Token will also be distributed via a public sale at an attractive price to distribute the token to a large number of holders across Cardano. Targeting Q2 2025 upon the release of the L4VA Protocol test-net.

Protocol Rewards (34%): There will be a monthly allocation of L4VA to be distributed in the form of rewards to Vault Creators, Vault Contributors, and Vault Investors, which is equal to the total Protocol Rewards budget divided by 60 months (5 years), allocated to each vault based on the pro-rata TVL contribution of a given vault over the past 30 days, and split into 12 monthly installments to vest beginning on the vault date and ending on the vault termination date (if that date falls in less than 12 months from the vault creation date). This emission is effectively an incentive to reward Vault creators and vault participants (asset contributors and investors).

Team (20%): Allocation to the L4VA Team over 4 year vesting schedule.

Causes DAO (3%): The Causes DAO is a fund of L4VA that will be granted to causes, projects, intiatives voted on by the L4VA holders.

Farming Rewards (3%): Budget for bonus rewards for LP farming incentives.

Staking Rewards (3%): Budget for staking rewards bonus APY % yield.

Notice: Tokenomics are subject to change leading up to the pre-sale of the L4VA token, but the above are our expectation for L4VA token distribution and emissions.