I’d like to tackle both your questions in one go, as there’s a bit of crossover.
tl;dr;
Before I get into the details, I gather some of the questions below may be fundamentally trying to understand (a) circulating supply and (b) staked supply, which ultimately informs reward rate. Today, 50% of the community pool (30M) is staked (15M). We’ve therefore modeled 20-25M SDL staked over the next ~2 years as our “most likely” scenario in the various models we’ve performed. That said, this is our best estimate, and you should draw your own conclusions based on all the information provided as this is not a commitment or guarantee of any kind.
1. Core Contributor Allocation
Confirmed, Core Contributor allocation is unlocked and available for usage by LinkPool for purposes commensurate with core contributor motivations outlined in the article.
We envision the Core Contributor allocation distributed as follows:
- 10M Founders Allocation (not staked)
- 2M Staff incentives by 2025 year-end (optionally staked)
- 8M unallocated (not staked)
Release schedule into circulating supply could be roughly as follows over the next 30 months:
- 1M year-end 2024
- 1M year-end 2025
2. Liquidity Provision and Treasury
- Confirmed, liquidity incentives come from Treasury
- Initial liquidity of USD 250k (SDL) and USD 250k (LINK) provisioned by LinkPool
- Rest of the liquidity has been provisioned from community
- POL plan: let’s followup on this idea after this proposal, curious to learn more about your thoughts
3. Nop Sentiment
However, without any engagement here from the node operators then we have to take the team’s word for it though.
I’d like to reiterate that I have shared my own personal sentiment, but am also eager to see dialogue between nops and community.
4. Chainlink
There’s not much more to share here. We view the partnership with Chainlink as a strategic and valuable long-term relationship. Nop incentives were changed as a result of this proposal such that they now receive a fee for services performed instead of receiving it via SDL. This is why their SDL percent ownership changed. No such tokenomic changes were implemented for Chainlink to justify a change to percent ownership, hence their SDL allocation remains at the same percent ownership as is currently.
5. Community Fee
Staked SDL is eligible for the community fee. Consider the following:
- 750,000 LINK staked
- 7% Reward Rate
- 52,500 annual rewards
- 15% == 7,875 annual rewards
- Distributed to staked SDL
Currently, about half of the community SDL is staked (~15M). This could increase potentially from: liquidity incentives, treasury usage, core contributor usage, nop usage, air drop claims from SLURP-3, currently held community SDL that becomes staked)