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Tokenomics
Backd governance token distribution is designed to incentivize key protocol stakeholders and facilitate participation in protocol governance. The stakeholders included in distribution are:
  • Liquidity Providers (LPs)
  • Keepers
  • AMM Liquidity Providers
THERE IS NO BACKD GOVERNANCE TOKEN YET! This page will be updated with extensive token information following token launch.

Reward Distributions

Backd LPs

  • Backd liquidity providers receive Backd governance tokens in proportion to the share of total liquidity they supply to a pool. Each pool is assigned a specific pool weight which determines the amount of inflation the pools receives. Pool weights can be adjusted via governance once the Backd governance token is launched.

Backd Keepers

  • ​Backd Keepers receive Backd governance tokens in proportion to the value of top ups they execute. The number of tokens a keeper receives is calculated once per week. These Backd governance tokens can be withdrawn immediately after they are available.

Backd AMM LPs

  • Providers of Backd governance token liquidity on selected automated market makers can receive Backd token rewards by staking their AMM LP tokens in the Backd AMM Gauge via the Backd website.