Ender Protocol
  • ⭕What is Ender Protocol
  • Protocol Concepts
    • Depositing into Ender Bonds
    • END: Liquid Staking Yield Token
    • endETH: Hyper Liquid Staking
    • Refraction Fees
    • Redemptions
  • Endworld
    • Ender Bond: The Metaverse Bond
    • Metaverse Open world RPG
      • Core Concepts
      • Gameplay Features
      • Economic Systems
      • Generative AI and Realities
      • Redefining Web3 Gaming Through Innovative Design
      • Modular Game Worlds and User-Generated Content
      • Social Discovery and Creator Economy
  • Airdrop
    • Ender Zealy Campaign
      • Introduction
      • Overview
      • Meme Contest
      • Tips for Success
      • Terms and Conditions
    • Ender Points System
    • Invite System
    • Season 1
    • Incentivized Testnet
  • Early Access
    • Bond Liquidity Provision (BLP) Event
    • Closed Beta Early Access
  • Governance
    • Introduction
    • The ENDR Token
    • Governance Model
  • Treasury
    • Introduction
    • Vault Strategies
      • Liquid Restaking
    • Treasury Mint
  • Contracts
    • Deployment Addresses
    • Audits
  • Additional Documentation
    • Brand Assets
    • Glossary
    • FAQ
    • Legal
Powered by GitBook
On this page
  • Earning ENDR
  • Total Supply and Allocation
  • Open Commons Decentralization
  • Airdrop Distribution
  • Incentive Distribution Schedule
  1. Governance

The ENDR Token

PreviousIntroductionNextGovernance Model

Last updated 1 year ago

ENDR is the governance token of Ender Protocol. It is distributed to users of the protocol for performing a variety of actions, and can be locked to participate in protocol governance.

Earning ENDR

ENDR is distributed to protocol users for performing a variety of actions. Some examples include:

  • Depositing to the Ender Bond

  • Staking END tokens

  • Setting a Bond Fee

  • Directing protocol liquidity via sEND tokens

  • LPing endETH with ETH and END

Total Supply and Allocation

ENDR has a maximum total supply of 3 billion.

The supply of ENDR is allocated as follows:

  • 2,000,000,000 ENDR (66.67%) is allocated towards the Community through airdrops and emissions.

  • 1,000,000,000 ENDR (33.33%) is allocated to the Contributors. Vested over 3 years, with a 1 year cliff.

Open Commons Decentralization

We define only 2 categories of the allocation, because we believe that Contributors and Community are the sum of the whole.

Contributors are all those who actively contribute to the building and development of the Ender technology and application. This does not mean an internal team, but anyone who is building on top of our platform.

In essence, contributors can have a large impact on determining the community participants, while the overall community itself can as well. This creates a high level of decentralization which is based on two categories, the community and users, and the builders and contributors.

Airdrop Distribution

For the first 3 months before and after the launch of the governance and emissions system, users will earn points to be eligible to be airdropped the governance token upon the token distribution. During this period, 30% of the Community allocation will be airdropped to retroactive users of Ender Protocol plus other eligible users based on certain criteria.

The Airdrop Distribution will be as follows:

Airdrop
Season
% of Total
% of Total Supply

200,000,000

1

33.3%

6.67%

100,000,000

2

16.6%

3.33%

100,000,000

3

16.6%

3.33%

100,000,000

4

16.6%

3.33%

100,000,000

5

16.6%

3.33%

The first airdrop (Season 1) be 6.67% of the token supply. Afterwards, there will be 4 more airdrops over 5 seasons, every 6 months, over a total period of 24 months after the first airdrop, for 3.33% of the total supply each time.

Incentive Distribution Schedule

In addition to the airdrop distribution, we shall introduce an emissions incentive program based on the following scheduled emission rate:

Time
Emissions

Weeks 1-13

0.8% of the remaining emission tokens per week

Weeks 14-26

0.7% of the remaining emission tokens per week

Weeks 27-39

0.6% of the remaining emission tokens per week

Weeks 40-52

0.5% of the remaining emission tokens per week

Year 1-2

0.4% of the remaining emission tokens per week

Year 2-3

0.3% of the remaining emission tokens per week

Year 3+

0.2% of the remaining emission tokens per week

Community is also a broad categorization, which is made up of all of the active participants in the community which includes partners and any group in which can be attributed to the community. As such, we can direct the based on a set schedule to all of these groups via the governance process, streaming the incentives to these groups.

incentive emissions
The allocation is a broad categorization of the Community and Contributors.
Page cover image