Initial Supply Breakdown
Disclaimer: Tokenomics are subject to change without notice at any time while the app is in beta.
As mentioned before, it is expected that a large portion of the supply is needed for liquidity pairing on each chain. As such:
  • Initial RADIO supply on Polygon (the first chain for launching RADIO) is set at 1B tokens
  • ~50% of each chain's Initial Supply is dedicated to PODL
  • The initial supply of RADIO on all other chains is determined proportional to the square root of TVL across protocols on that chain, as estimated by Defi Llama (https://defillama.com/)
We expect high demand for RADIO over time since it is the primary token that will be paired with all other tokens in the ecosystem. Therefore, to create an optimal swap ecosystem, a self-balancing mint/burn mechanism is designed as follows:
  • New tokens are minted as staking rewards to the staking contract (single stake, or LP tokens). Initially, the staking reward program on the Polygon Network is set at 500,000 tokens (total across all pools) per day (subject to change). This creates an inflationary pressure on the token to counteract the deflationary burn mechanism from the swap itself.
  • As mentioned in the next section, RADIO token is the gas fee token of the swap. 50% of the swap fees on each chain buys back and burns RADIO (subject to change).
Putting all the above pieces together, the initial supply of RADIO on the first chain (Polygon Network) is designed as followed:
First Chain:
%
PODL
47.4%
KFML
1%
RACL
1%
RST
19%
EACP
10%
CFW (team)
3%
LERP
15%
Phase 1 Participants
3.6%
And on subsequent chains, the initial supply breakdown will be slightly modified as follows:
Subsequent Chains
%
PODL
50.0%
KFML
1%
RACL
1%
RST
19%
EACP
10%
CFW (team)
3%
LERP
16%
For example, currently Defi Llama shows:
Polygon TVL across protocols = $4.21b
BSC TVL across protocols = $12.36b
Ethereum TVL across protocols = $128.75b
Avalanche TVL across protocols = $10.47b
Therefore:
Initial supply of RADIO on BSC is set at: sqrt ($12.36b/$4.21b) * 1b = 1.713 billion RADIO
Initial supply of RADIO on Ethereum is set at: sqrt ($128.75b/$4.21b) * 1b = 5.53 billion RADIO
Initial supply of RADIO on Avalanche is set at: sqrt ($10.47b/$4.21b) * 1b = 1.577 billion RADIO
The initial supply of SHACK, BUILD, and DREAM are set to mirror RADIO's initial supply on each chain. The initial liquidity, however, is added at 1/e the price of the previous tier token (where e is Euler's number, 2.71828). So the initial market cap of each subsequent starfish is lower than that of the previous tier starfish to mirror an exponential decay in relative market cap of tokens.
The daily staking rewards across chains are also set according to the relative ratio of initial supply of RADIO on those chains.
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