⭐OSHI and sOSHI
Overview of OSHI
OSHI tokens represent a foundational element of the protocol, designed to incentivize participation and reward contributions within the ecosystem. The total supply capped at 100,000,000 tokens. The distribution of OSHI tokens is meticulously planned to support the protocol's long-term sustainability
OSHI Distribution and Release Schedule
Investor: 15%, unlock 10% 3 months after TGE. The remaining 90% undergoes a 6-month cliff after TGE, followed by linear vesting over 24 months.
Advisor: 2%, with a 12-month cliff after TGE, followed by 30 months of linear vesting.
Team: 15%, with a 12-month cliff after TGE, followed by 30 months of linear vesting.
Reserve: 21%, with 60 months of linear vesting.
Ecosystem Incentive: 45%, with 60 months of linear vesting.
Public Sale: 2%
Mining Mechanism of OSHI Tokens
The allocation for ecosystem incentives, which amounts to 45% of the total, is executed through a Mining mechanism. This Mining is structured around three distinct approaches, each designed to contribute to the protocol's utility and stability:
Create Position (20%): This mechanism incentivizes borrowing SAT from the protocol. The duration and quantity of SAT borrowed contribute to OSHI token mining.
Deposit SAT (10%): Depositing SAT into the Stability Pool (SP) enhances the overall robustness of the protocol since the SP helps absorb potential liquidations. This safeguards the protocol's solvency and rewards contributors with OSHI tokens for their role in maintaining stability. The quantity of SAT deposited into the SP also plays a crucial role in mining OSHI tokens.
Utilize SAT (15%): Providing liquidity to the liquidity pool, using SAT as collateral, or any activity utilizing SAT to help expand its use cases, will be rewarded with OSHI tokens.
Utilization of OSHI Tokens
Aside from future voting rights, one utility of the OSHI token is to offer holders the option to stake their OSHI for sOSHI, representing their share in the protocol's revenue.
The locking process is integral to enhancing their stake within the protocol, with the locking periods being selectable from 3, 6, 9, to 12 months. The choice of a longer vesting period results in a greater conversion rate of sOSHI, directly correlating with weights of 1, 2, 3, and 4 for the respective locking durations.
Should participants decide to leave their tokens locked beyond the conclusion of the chosen period, the accrued weight does not diminish or alter.
For instance, if a user locks 2 OSHI tokens for 6 months, they will attain a weight of 4 in sOSHI. Upon the lapse of six months, the user has the option to withdraw; however, choosing not to withdraw maintains their weight of 4 in sOSHI, which neither increases nor vanishes over time.
It's important to note that this vesting process is irreversible—once initiated, there is no mechanism to undo or withdraw early.
Benefits for sOSHI
The sOSHI entitle holders to share in the total revenue of the protocol. For specific details, please refer to the Revenue Structure page.
Through this framework, the Satoshi Protocol incentivizes long-term participation and investment in the protocol's health and success, aligning the interests of its users with the overarching goal of maintaining a stable and profitable ecosystem.
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