Reference protocol
ETHDEFISept 2020design 0x48a7…b769Verified
UNISWAP $UNI
60% community-controlled, 0% public sale. Retroactive airdrop to past LPs/users. The reference design for community-first DeFi governance.
Total supply
1B UNI
fixed at launch
TGE circulating
17.0%
83.0% locked
Allocations
6
distinct line items
Launch
Sept 2020
Ethereum
Distribution
Schedule of allocations
- 1GOVERNANCE TREASURY
Distributed via governance over 4 years to fund grants, partnerships and contributor mining.
43.00%48 MO LIN - 2TEAM + FUTURE EMPLOYEES
4-year vesting with no cliff. Aligns the core team with long-term protocol success.
21.51%48 MO LIN - 3INVESTORS
Series A backers (a16z, Paradigm, USV, et al). Same 4-year linear vest as team.
17.80%48 MO LIN - 4RETROACTIVE AIRDROP
400 UNI per address that ever interacted with Uniswap. Fully unlocked at TGE — defined the genre.
15.00%100% TGE - 5LIQUIDITY MINING
First 30 days: emitted to four ETH-paired pools. Later programmes via governance.
2.00%100% TGE - 6ADVISORS
Same 4-year linear vest as team.
0.69%48 MO LIN
Key takeaway
A 60% community split (treasury + airdrop + grants) became the de-facto standard for credibly decentralised protocols.
Design notes
- NO CLIFF ON TEAM/INVESTORS — RARE FOR THE ERA. SIGNALLED CONFIDENCE.
- AIRDROP CLAIMED BY ~250K ADDRESSES IN THE FIRST WEEK.15% straight to users
- NO PUBLIC SALE OR ICO — SET THE TEMPLATE FOR FAIR LAUNCH GOVERNANCE.
Use as your starting point
Open the UNISWAP tokenomics in Token Economics, edit the allocations, change the vesting, see the sell pressure live. Free, no signup.
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