GEN Token

GenesisLRT introduces the native GEN token. While its final structure is shaping up, it's intended to serve as:

  1. The protocol governance token: Protocol governance through delegate voting: Participate in the selection of the best EigenLayer's Node Operators to boost rewards on restaked aseets, and general protocol governance.

  2. Voting for validators and operators: Choosing validators, operators and AVSs involved in the ReStaking process and their respective delegation strategy.

  3. Voting for DeFi gauges: The more votes a pool gets, the more GEN token rewards will be allocated to it; the more TVL a pool gets, the more GEN token rewards will be allocated to it.

GEN Allocation

The planned token allocation scheme is:

  • Liquidity Incentives: 48.5%

  • Team: 15%

  • Private Sale: 10%

  • Seed: 9%

  • Protocol reserve: 6%

  • Advisory: 6%

  • Marketing: 3%

  • Pre-seed: 2.5%

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