IOL token

IOL token breakdown

$IOL is the governance and utility token of Iolend protocol.

IOL token contract address is: 0xf5755e48b6f2f06f8ea904bda26177cb3ca06ff0

IOL token can be purchased on Wagmi.com - make sure to chose IOTA EVM network.

$IOL tokens are emitted to depositors and borrowers. Emitted IOL tokens vest for 90 days. Tokens may be claimed at any time before they are fully vested but early withdrawal from a vest will incur a penalty between 25-90% based on a linear schedule of elapsed time.

Depositors and Borrowers can earn $IOL emissions only if they deposit and Lock IOL-wIOTA LP.

The amount of IOL-wIOTA LP required to earn emissions is 5% of total deposited/borrowed value.

There are 4 lock durations available for the Lock of IOL-wIOTA LP.

1 Month lock, 3 Month lock, 6 Month lock and 12 Month lock.

Users with longer lock period earn higher APR rewards.

Stakers of IOL-wIOTA LP also recieve a share of platform fees, or lock it for 1/3/6/12 months to receive platform fees and exit penalties.

Tokenomics

Total IOL token supply:100,000,000

Initial price:

$0.1

FDV:

$10,000,000

BreakdownPercentage

Team and KOL allocation:

20%

Liquidity lock:

10%

Marketing and community:

5%

Protocol reserves:

10%

Emissions:

55%

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