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ROOK • Incentives
ROOK is the native ERC-20 token of KeeperDAO.
ROOK is an ERC-20 asset and the governance token of KeeperDAO. The token contract address is: https://etherscan.io/token/0xfa5047c9c78b8877af97bdcb85db743fd7313d4a ROOK allows token holders to create new proposals and vote on them. Beside governance, ROOK is used as an incentive to administer profit to Keepers, liquidity providers, and the Hiding Game users. We are gradually decentralizing, with Governance going live in early September 2021. ROOK also will have fundamental utility within the Coordination Game, as well as potentially in future iterations and technologies built within the KeeperDAO ecosystem. We are excited to explore these possibilities with our community through our forum.

Initial Rook Distribution

The initial token supply is 1,000,000 ROOK. All ROOK tokens are fluid upon launch and should be counted as part of the circulating supply.
Genesis Token Allocation (Pre-inflation)
Proportion
Team members & advisors
21%
Ecosystem incentives (liquidity / arbitrage rewards)
20%
Treasury reserve
30%
Early liquidity providers
2%
ROOK liquidity provisioning
5%
Reserve for partnerships & growth
10%
Strategic investors
12%
Total
100%

Emission Schedule

The emission of ROOK tokens gradually decreases by every quarter.
ROOK emission schedule
    ROOK is emitted on a per-block basis.
    The initial supply was 800,000 ROOK.
    The first quarter emits 200,000 ROOK.
    As a general rule, the total ROOK emitted during a quarter is 70% of the total ROOK emitted during the previous quarter. This percentage is known as the decay.
    Governance can choose to alter the decay.

ROOK distribution

Distribution refers to where newly emitted ROOK is sent. Generally speaking, governance controls the precise distribution of ROOK amongst users. Below we outline prior distribution by Quarter (now referred to as Acts).
First Quarter Distribution
%
Liquidity Providers
30%
Keepers
70%
Total
100%
Second Quarter Distribution
%
Liquidity Providers
30%
Traders (via Hiding Game)
70%
Total
100%
Third Quarter (Act III) Distribution
%
Liquidity Providers
20%
Traders (via Hiding Game)
30%
Borrowers (via Hiding Vault)
50%
Total
100%
Fourth Quarter (Act IV) Distribution
%
Liquidity Providers
20%
Traders (via Hiding Game)
40%
Borrowers (via Hiding Vault)
40%
Total
100%
When the Coordination Game (for coordinating MEV between keepers) and governance are introduced, ROOK distributions will likely be adjusted via Governance. The end goal is to incentivize participation in KeeperDAO, and to disincentive holding ROOK but not participating in any of its MEV mechanisms.
Last modified 1mo ago