Introduction

Since last week’s launch, Lore Finance has experienced a significant rise in volume and liquidity, catapulting it to the top 15 protocols on Scroll in market size in only three days. Already, we’ve seen:

Over $16mm market size
~200 unique users 😍
1500+ transactions
Over $50mm in volume

Our initial progress is a good sign but its only just the beginning, and we are extremely excited to embark on this next stage of growth and development alongside the rest of the Scroll ecosystem.

Below you’ll find the tokenomics details for LORE:

Liquidity

5% of total supply will be dedicated to supporting $LORE liquidity through POL, allocated strategically across various pools across centralized and decentralized exchanges. Most of this will be unutilized at first, but we will deepen liquidity as more LORE starts to circulate.

Strategic Partnerships

10% of total supply will go towards securing important partnerships and facilitating our longer term strategies. Consider these auxiliary funds to be used when seize an opportunity when it’s valuable to do so. This allocation will follow a 24-month linear vesting schedule.

Treasury

10% of total supply will be placed in the team treasury. Treasury funds will be used to fund initiatives to expand Lore Finance’s reach and sustainability, as well as to support $LORE liquidity when appropriate. This allocation will follow a 48-month linear vesting schedule.

IFO

An IFO is an Initial Farm Offering. We will emit 25% of the LORE token over our first 90 days of operations. Instead of having a private sale, a public sale, or an airdrop, we are hitting the ground running and getting the token directly into the hands of our most dedicated users from day 1.

If you want to know more about the IFO, read this article.

Cod3x Foundation

10% of total supply will go to the foundation that backs Lore Finance, vested linearly over 12 months. These tokens will be used to fund audits, technical development, and research for Lore Finance.

Incentives Post IFO

30% of the total supply will be dedicated to liquidity and lending market incentives over the course of 3 years. These incentives will begin directly after the IFO period has ended. Incentives will be used to drive new usership of our software; the DeFi yield market is competitive, and we will emit tokens strategically to find our place within it.

Ecosystem Grants

Ecosystem grants will be used to fund projects that build on Lore Finance, loreUSD, and LORE.

Cumulative Vesting and Emissions

Below you will find the cumulative vesting and emissions schedule for LORE.

Our approach to token emissions is grounded in the principle that all LORE spent should provide maximum value for the protocol and its governors.

The schedule has been designed to create optimal alignment between the protocol and participants, with the goal of maximizing value and sustainability over long time horizons.

Happy farming!

Write Your Story

We're making DeFi fun again! Join the community.

Harness best-in-class security, stability, and yield opportunities on Scroll, a Native zkEVM ecosystem attracting DeFi’s most talented teams and highest yields. DeFine your own narrative.