AUGUSTA Finance Tokenomics

🔒 Token Distribution:
- 45% of $AUGU tokens are allocated as incentives for the ETH pool (62%), borrowing pool (33%), and AUGU liquidity pool (5%). These incentives come with a 3-year vesting period, starting with 1.5% in the first month and 1% monthly decay.
- 20% of tokens are reserved for partnerships, growth, and promotion.
- 15% is allocated for the Initial DEX Offering (IDO).
- 10% is dedicated to the treasury.
- 2% is set aside as a trigger.
- 3% is allocated for airdrop purposes.
- 5% forms the reserve with a one-year vesting period.

🏛️ Governance and v2 Update:
- $AUGU is the governance token of the platform, with a total supply of 100,000,000 tokens.
- In the V1 stage, Augusta Finance acted as the proxy for veVELO governance.
- With the upgrade to the V2 version, $AUGU token holders will have voting power for veVELO, supplanting Augusta Finance’s voting power.

💰 Staking Rewards:
- In the V1 version, $AUGU stakers enjoyed dividend rights, allowing them to receive 10% of interest generated from lending and 10% of veVELO earnings through the repurchase of $AUGU from the secondary market.
- In the V2 version, $AUGU stakers will not only continue to receive staking rewards but also gain voting power for veVELO. This empowers stakers to independently influence veVELO’s decision-making process.

Stay tuned to harness the full potential of $AUGU governance and staking rewards on the Augusta Finance platform! $AUGU #Governance #Staking #VeVELO