Vesting & Early Unlock
TL:DR
Initial Token Allocation: 30% of $SYMM tokens are available at Token Generation Event (TGE), with the rest vesting over 9 months (potentially reduced to 6 months due to setup time).
Vesting & Early Unlock:
Remaining tokens vest over time but can be unlocked early for a fee, where 50% of the vested tokens are given, and the rest redistributed.
Early unlock fees benefit the community by rewarding long-term holders, liquidity providers, etc.
Liquidity Pool Incentives:
Instead of paying an unlock fee, holders can add liquidity to an 80/20 ($SYMM/USDC) pool, waiving the fee, locking LP tokens, and gaining immediate access to protocol fees.
Bonuses for Loyalty:
Holders who wait through vesting or later provide liquidity get bonuses like larger protocol fee shares and additional $SYMM.
Airdrop Distribution:
Tokens are distributed to OG, Season 1, and Season 2 traders.
Only 30% of airdropped tokens are given at TGE; the rest vest and require activity on the platform to unlock fully.
This strategy aims to balance immediate liquidity needs with incentives for long-term engagement and ecosystem stability.
More info about the TGE token allocation in TGE plan
Note: If it takes 3 months to complete audits and technical preparations, those 3 months are deducted from the vesting duration. A 9-month schedule effectively becomes 6 months of vesting once the contracts are live.
IMPORTANT NOTE: All $SYMM tokens are subjected to the same vesting and unlocking mechanisms regardless of who holds them, including the team. We are wholly committed to enacting the community's vision and decisions for the project, and will always be subject to the same mechanisms and rules as any other holder.
(Available at Launch) Early Unlock Mechanism
For holders who prefer immediate liquidity over waiting out the vesting period, an Early Unlock mechanism is available. This mechanism trades convenience for a fee.
How Early Unlock Works:
Optionality: Immediately or shortly after TGE, an Early Unlock contract will be deployed, allowing holders to unlock their yet-vested tokens before the vesting period ends for a fee.
Fee for Early Unlock: Early unlocks come with a fee on the remaining vested portion.
Example: A holder with a total of 1,000,000 $SYMM will automatically 300,000 at TGE. The remaining 700,000 are vested. If they choose to unlock early, they will receive 50% of the vested amount —350,000 tokens—immediately, forfeiting the other 350,000.
Early Unlock Fee Redistribution: The forfeited tokens do not vanish; they are redistributed to those who do not unlock early, liquidity providers, and other ecosystem incentives. This ensures that the broader community benefits from early exits.
The team proposes to distribute the fee of early unlock: 80% to those who don't unlock, 20% for future ecosystem incentives (liquidity / bribes / etc) But ultimately a DAO vote before vesting goes live can decide on the final ratio.
(Expected in Q1) Liquidity Pool (LP) Incentives and No-Fee Early Unlock
One of our main objectives is to foster deep liquidity and reduce slippage for $SYMM trades. To achieve this, Symmio offers an alternative path for early unlock:
Liquidity Provision (80/20 Model): Instead of taking the fee, holders can choose to commit their unlocked tokens to an 80/20 liquidity pool (e.g., 80% $SYMM / 20% USDC) at TGE or soon after. This approach:
Waives the early unlock fee.
Requires holders to commit stablecoins (e.g., USDC) to match their $SYMM.
Locks the LP tokens for a predetermined period, ensuring stability in the liquidity pool.
Grants immediate access to accrued protocol fees and potential bonuses, incentivizing early liquidity provision.
Protocol-Owned Liquidity (POL): The platform will use pre-accumulated fees to seed and deepen liquidity from Day 1. Over time, these fees can be reclaimed by LPs who participate in the early unlock-for-liquidity option, creating a robust incentive to support the ecosystem’s growth and price stability.
Bonuses for Loyal Holders and Late Claimants
Holders who choose not to unlock early and wait through the vesting period can be eligible for bonuses or improved ratios over time. Similarly, those who convert their vested tokens into LP shares at a later stage may benefit from:
Larger fee shares from the protocol.
Additional $SYMM distribution.
Access to pre-launch fees that have accrued over time.
This aligns the interests of loyal holders, providing them with potential upside for their patience.
Summary of Options
Immediate Partial Unlock (30% at TGE): Everyone gets an upfront stake.
Vesting for Remaining Tokens (70%): Tokens follow a logarithmic vesting pattern, potentially shortened by the time taken to finalize vesting contracts.
Early Unlock with Fee: Gain immediate liquidity of the vested portion at a cost, with penalties redistributed back into the ecosystem.
No-Fee Early Unlock into LP: Commit tokens to an 80/20 liquidity pool, waive penalties, and gain access to accrued fees—bolstering liquidity and stability.
Long-Term Loyalty Bonuses: Wait out your vesting or provide liquidity at a later stage to receive enhanced rewards and bonuses.
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