Tokenomics
Token Allocation
Public Sale - 30.1%
The public sale allocation reseved for the community duting the token distribution event on MinSwap.
Node Ops - 22%
Staking rewards for Xerberus will be distributed logarithmically to support the growth of the validator network over an estimated period of up to ten years. The depletion rate of these rewards may vary, depending on the adoption rate of Xerberus.
Team - 20%
To ensure long-term commitment, the team and founders will have a 6-month cliff followed by a 36-month vesting period. This structure ensures that the Xerberus team is the last group to receive its full allocation, aligning incentives with the project's sustained success.
DAO Treasury - 20%
This allocation is designated for the DAO LLC, which will initially use it to provide protocol-owned liquidity. In the future, the DAO may leverage these funds to incentivize further development and integration of the Xerberus blockchain.
Pre-Seed - 6.9%
Tokens were sold to investors at a fully diluted valuation (FDV) of $8,000,000 and are vested for 12 months.
Airdrop - 1%
This allocation is designated for an airdrop to Xerchers NFT holders.
$XER Token Utility
1
Stackings rewards
$XER token holders are rewarded for staking their tokens to nodes meeting liveness and accuracy requirements.
Staking rewards are a function of the node's ability to deliver the protocol services. Staking to more reliable validator nodes will have a greater chance of higher rewards compared to lesser-performing nodes. Staking to nodes that are either negligent or malicious will result in fewer rewards or potentially slashing of the stake, risking the funds of the delegator, making the choice of where to stake critical.
2
Vault access
Access to exclusive Xerberus Index Vaults. Specific high-yield Xerberus vaults can accommodate only a limited number of deposits. These vaults will only be accessible for holders of the $XER token.
3
Analytics dashboard
Gain access to an expansive analytics dashboard offering in-depth insights into Xerberus Risk Ratings, including full historical data on emissions, floating supply, key wallet activities, and, most importantly, an interface that explains the reasons behind changes in Risk Ratings.
4
Governance rights
Lastly, the $XER token is used for governance purposes. Governance within Xerberus is market-based, allowing token holders to delegate their tokens to support proposals. Xerberus Governance set itself apart from most other DAOs by being a registered and acknowledged legal entity.
Xerberus Blockchain Value Creation
The Xerberus blockchain generates revenue through its oracle, which powers protocol-managed index vaults across multiple blockchains and third-party dApps, such as lending and other DeFi Protocols. Oracles are compensated in stablecoins, with payments directed to the treasury. The DAO treasury then distributes rewards to the validator nodes responsible for computing the risk models. To participate in the risk rating consensus, validator nodes must have a delegation of $XER tokens, to ensure the validator is trustworthy.
Stacking Rewards for Nodes
Stocking rewards, as currently designed based on new token emission, may be adjusted by the DAO. The current model intends to start with 15% APY to incentivise early participation for node operators. The goal is to subsidize the stacking with DAO revenues at some point after month 40. The revenues are paid out to stakers as compensation for curating the network of nodes.
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