# Yuyu Social

By [Yuyu](https://paragraph.com/@yuyu-6) · 2023-10-17

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Good morning.

Yuyu aims to create a comfortable social environment for visual media to be shared and traded on-chain.

Protocol specification
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**Posts**

*   Users can create and retain ownership of multiple posts.
    
*   Owners have the ability to edit the URI, enabling future opt-in IPFS hosting.
    
*   Posts are exchanged on a fixed bonding curve
    

**Rewards**

*   8 billion governance tokens will be distributed to users over a 6-year period.
    
*   Rewards accumulate on a per-second basis, calculated based on user trade volume.
    
*   Rate reductions occur every 52 weeks; users must claim rewards near this date to prevent loss.
    

**Token**

*   8 billion tokens are allocated for user rewards.
    
*   2 billion tokens are allocated for team members, with a 3-month cliff and 6-year linear vesting.
    
*   Tokens will be used to govern the protocol, set royalty fees, and designate the protocol fee receiver address.
    
*   All governance actions, including voting and execution, are conducted on-chain.
    
*   Governance will be enabled once tokens begin vesting to team
    

_Warning: Smart contracts associated with Yuyu are currently unaudited. Use them at your own risk._

_Token Usage: Tokens are not intended as investment instruments but are crucial for the decentralized functionality of Yuyu Protocol._

Addresses
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*   Token: 0x9A6B9c6a80339be432849B08bd843F854b64ca24
    
*   Vesting: 0x08c1A82Dee1e98bB9E31a6C0D64F91B8C8f59feb
    
*   Market: 0x6ac16c2348F0d17Fe4d4491e90CC108e3c726F59
    
*   Owner: 0x54DA907e163321905EDc0ca48818F4463cbf166A

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*Originally published on [Yuyu](https://paragraph.com/@yuyu-6/yuyu-social)*