REST Tokenomics

REST and oREST

REST is the protocol's value accrual token and liquidity incentive token. Tokens are a powerful tool to galvanize communities and align incentives between a protocol's contributors and users, and as such, the majority of total token supply will be emitted directly to users/liquidity providers. All profits generated by the protocol are used to buyback and burn tokens from the open market, resulting in long-term benefit for holders.

Token Allocations

Rest Finance has set the REST token allocations and emissions in a simple, transparent and fair manner, that is designed to balance incentives for all participants with the long-term success and sustainability of the protocol. Allocations are broken down into the follow categories.

• Investor Reserve: Utilized for the initial seed raise, with any excess held in reserve for future funding rounds should they be required.

• Contributors: A portion is reserved for the core contributors and advisors, with additional held in reserve for new hires/future DAO contributors.

• DAO Treasury: To be utilized for DAO activities, including grants, partnership and any necessary marketing activities.

• Initial Liquidity: Tokens owned by the DAO that will be deposited and locked in the initial LP at the Token Generation Event (TGE) to enable trading of the REST token.

• Emissions: The maximum reserve of REST tokens that are emitted over a prolonged period, for which oREST can trade/redeem against.

Breakdown and Vesting

There are a total of 100,000,000 REST tokens, which are distributed as per the below. Note that all vesting schedules comment at the TGE when initial liquidity will be seeded on Uniswap v3, facilitating trading of the REST token, and an opening price at which oREST can trade/redeem against. The REST token will launch with a circulating market cap will be $1,000,000, with an Fully Diluted Valuation (FDV) of $20,000,000.

Allocation	REST Tokens	Percentage	Vesting
Investor Reserve	10,000,000	10%	24 months linear
Contributors	20,000,000	20%	24 months linear
DAO Treasury	5,000,000	5%	24 months linear
Initial Liquidity	5,000,000	5%	-
Emissions	60,000,000	60%	60 months linear

Token Emissions

As per the above, tokens are emitted over a prolonged period, to balance initial incentives for TVL and liquidity bootstrapping vs. long-term sustainable growth, with full dilution anticipated to occure 5+ years post TGE. Please note that the emissions are a maximum per month for which oREST can be redeemed against. It is likely that not all these tokens will be utilized on a monthly basis, in turn smoothing out and extending the emissions schedule.