🪙Tokenomics

Fyde follows a dual token model - $TRSY and $FYDE

$TRSY: the liquid vault wrapper token that is pegged to the performance of the Liquid Vault. This token is received by all depositors of the Liquid Vault.

$FYDE: the protocol's native governance and value accrual token.

The two token model allows for multiple avenues of participation in the Fyde Treasury liquid vaults. While $TRSY empowers users to build wealth by accessing the gains of a managed portfolio, the $FYDE token unlocks the benefits of the protocol as a whole. This is done using a buy-back mechanism funded from 80% of all fees generated on the platform. Fees are offered from a diverse source of revenue streams, such as imbalance penalties on deposits and withdrawals—this ensures that if a user makes a trade with the protocol that deviates from the optimal portfolio distribution, $FYDE token holders can capture additional revenue to help offset this risk. Fees are also generated from the various sources of yield offered by the protocol, as well as on swaps made on the $TRSY/WETH Uniswap V3 Liquidity pool. As the protocol continues to grow, $FYDE token holders are able to capitalize on the activity on the platform.

As the platform continues to expand with the launch of new vaults, $FYDE token holders will unlock new responsibilities, benefits, and opportunities. $FYDE token governance will allow users to create vaults with their own strategies and asset classes. Users will be allowed to vote on which vaults to incentivize and receive rewards if their strategies outperform. This update will pair the $FYDE token with the vote-escrow model, aligning incentives for choosing strategies that are in line with the long-term health of the platform as a whole.

$FYDE Token:

The $FYDE token is a path towards decentralization for the Fyde protocol. The Fyde Protocol has four major revenue sources that flow to the $FYDE token holders. 80% of the revenue will be used for token buybacks, while the other 20% will be used to fund protocol development and operational goals.

Tokenomics Structure:

Ticker: $FYDE

Total Supply: 100,000,000

Initial Circulating Supply: 8,783,333

Distribution:

Vesting Schedule:

The founding team, developers, early VCs, and pre-seed investors are locked for 12 months post TGE. Tokens vest linearly for 24 months post the 12 month lock up. Current tokenomics allow for 50% of tokens to be available for incentives, ecosystem growth, new hires and treasury runway.