GenesisLRT Docs
  • Welcome to GenesisLRT Docs
  • Introduction
    • EigenLayer
    • Restaking
    • Genesis
    • Roadmap
    • FAQ
    • Glossary
    • Brands Assets
  • Getting started
    • Connect Wallet
    • Restake ETH
    • Manage Your Position
    • Check Action History
    • Unstake ETH
    • Claim Unstaked ETH
    • Earn Gems and EigenLayer Points
    • Referral Program
    • Get HoleskyETH
  • Security
    • Risks to Overcome
    • Genesis Security
    • Audit Reports
  • Protocol
    • Overview
  • Tokenomics
    • GEN Token
  • For developers
    • Genesis Dev Details
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  1. Tokenomics

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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Last updated 1 year ago