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POD Final Token Distribution

Rationale behind the POD Finance Token Allocation Redistribution

It has been almost 45 days since the POD/wETH LP went live on Uniswap. To be honest, our initial approach to token allocation for liquidity was not pre-planned. We started with 2.5 ETH on one side and the remaining 50% in POD on a V2 scheme.

The initial liquidity was modest due to uncertainties regarding our financial runway. The launch was truly bootstrapped - without private investors, angels, or key opinion leaders involved in the first weeks of development or the LP deployment.

Our goal was simply to prove the technology.

The main concept for POD was conceived at ETH Denver while participating in an Ethereum L2 hackathon. Nevertheless, we opted to build on Base, which we believe has gained significant traction in recent months. Fortunately, POD has garnered a level of interest and excitement within the Base ecosystem that exceeded our expectations. We are committed to build out the protocol far beyond the initial staking vault concept and add product layers on top of the core elements.

With this background, we are now implementing our final token distribution burn and reallocation, all in favor of the POD ecosystem, our partners, and most importantly, our token holders.

As announced today, we have burned a total of 18.27% of the entire supply, which currently represents 3,652,000 POD tokens. (Burn Transaction Hash)

Our main wallets are distributed as follows:

  • Treasury and Team Wallet: 7.66% of the current supply

    This wallet is now securely locked in a Llamapay Vault.

  • Incentives and Partners Wallet: 6.84% of the current supply

    This wallet is hosted on a Safe Multisig and will be used for potential partnerships and new Genesis PODs.

As part of this redistribution, we have allocated almost 2% of the supply to the POD Single Stake Vault over a one year period. In the long term, we expect the POD rewards from this source will be generated by revenue from the protocol itself and its satellite products.

https://app.pod.finance/pod/0x710a8b92412f2644c7e4f48f6dfca4a5fcbb249a

Moving forward, we are confident that this token distribution will benefit the entire POD ecosystem. A new range of products is currently being developed on top of the existing dApp. We believe these will offer tremendous potential for non-technical users to start building projects from scratch, without writing a single line of code.