πŸͺ‚Initial Distribution

Initial Distribution

At launch, Stratum will distribute $veSTRAT to users and protocols we believe are likeliest to contribute to our mission to become the liquidity base layer of the Mantle ecosystem. The list of communities eligible for the $veSTRAT airdrop include:

  • Velodrome

  • Thena

  • Solisnek

  • Ramses

  • Nexon

  • Velocimeter

  • Strata Role Holders (OGs)

  • Eligible testnet users

  • Early supporters / LGE participants

The $STRAT IDO will take place on Impossible Finance's Launchpad from late 2023 into early 2024. Details of the IDO can be found here:

Users who participated can find their vesting tokens at:

Breakdown of Distribution

Note all airdropped listed below $veSTRAT positions will be locked for the full 52 weeks (max lock).

  • Partnerships: these will be $veSTRAT positions given to projects that have launched on Mantle or are soon to launch on Mantle to support their growth on chain. These tokens can be used as governance power to vote for pools they wish to incentivise, including POL they’ve deployed on Stratum. This presents a great opportunity for projects to host their liquidity on Stratum without the need to provide native token emissions

  • Community: These tokens will be airdropped as $veSTRAT to defi users deemed to be most likely to support the protocol and drive user acquisition for Mantle from across other blockchains and layer 2’s. The $veSTRAT positions will be locked for 52 weeks and can be used to vote in weekly governance to build future positions within the protocol ecosystem.

  • Team: these will be given as $STRAT and $veSTRAT positions. The $STRAT position (50%) will be vested linearly over one year. The $veSTRAT positions will be used initially to vote on key pairs that are deemed to be beneficial to the overall health of the ecosystem – such as $STRAT - $USDC or $mETH-$ETH etc. or other pools deemed critical. After some time, team members can vote as they wish with their own veSTRAT allocation.

  • Treasury: The Stratum Treasury will hold 5% veSTRAT to vote for core pairs such as $STRAT pools. Additionally, any remaining veNFT's that are not fully distributed to partners (for example the partners token is not yet live on Mantle) will be held by the treasury and used for voting until the partner protocol token goes live.

  • Initial Liquidity: These tokens (7%) will be set aside to add liquidity for $STRAT at launch with key token pairs

  • IDO: Tokens sold during the IDO will be sold in varios tranches (see link to the blog above). Sold tokens will be 50% liquid and 50% vested linearly over 6 months. Some tokens will come with options to be purchased at a later date at specific milestones such as + 3 months and TVL => $5m. Options details will be released by Impossible Finance

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