Tokens and Governance
FORAGE
Governance and utility token: fixed supply, allocation, participation rights, and acquisition paths.
What Is FORAGE?
FORAGE is the protocol's governance and utility token. It has a fixed supply of 100 million tokens with no minting capability. FORAGE holders vote on protocol parameters, treasury allocation, and upgrades.
Key Properties
| Property | Value |
|---|---|
| Type | ERC-20 on Arbitrum |
| Supply | Fixed 100M, no minting |
| Yield | None — pure governance token |
| Revenue share | None — FORAGE does not receive protocol revenue |
NOTE
FORAGE is a governance token with zero yield. Holding or locking FORAGE does not give you any share of protocol revenue. To access yield, you need atRISKUSDC.
Token Allocation
| Allocation | Share | Tokens | Mechanism |
|---|---|---|---|
| Agents | 30% | 30M | Discretionary rewards via RewardPool |
| Depositors | 10% | 10M | Airdrops via DepositorPool |
| Team | 20% | 20M | 4-year linear vesting, 1-year cliff, 0% at TGE |
| Partnerships | 40% | 40M | Governance-controlled treasury |
Acquisition Paths
For Agents
Agents may receive discretionary FORAGE quarterly performance bonuses based on the performance leaderboard.
For Depositors
Depositors receive FORAGE airdrops quarterly based on participation and tier commitment. Claim through the airdrop interface. The current default claim window is 180 days from round publication.
For Partners
Post-maturity, qualifying non-US institutional participants may acquire FORAGE through private placement under Regulation S, subject to governance approval, lock-up, and vesting requirements.
Value Drivers
At launch, FORAGE has governance utility only. The protocol's long-term value accrual mechanism is an automatic buyback-and-burn: once liquid FORAGE trading venues are established, governance may vote to activate formula-driven supply reduction funded from protocol fees. This requires a governance vote to enable and is not active at launch.
Governance Powers
FORAGE holders can vote on:
- Revenue distribution split percentages
- Risk parameters and evaluation thresholds
- Treasury allocation and spending
- Protocol upgrades
- Cooldown periods and redemption caps