Tokenomics
SEED is the utility token of Garden and is designed to facilitate participation in the protocol.The token launched on January 18th, 2024.
SEED empowers holders to actively shape the Garden ecosystem:
- Staking: Stake SEED to participate in protocol governance and earn a share of platform revenue. A minimum of 2,100 SEED are required to stake.
- Market making: Holding 210,000 SEED tokens grants eligibility to become a solver.
- Governance: Participate in protocol decision-making, have a say in selecting community incentive programs, giving grants, and treasury allocation.
- Mint and burn: You can choose to permanently burn 21,000 SEED (perma-stake) to mint a Gardener pass. This pass comes with all the benefits of permanently staking seed, and also gives you the flexibility to transfer ownership to a different wallet or put it up for sale as its an NFT.
- Exclusive access: SEED holders receive early access to new features, exclusive contests, and other benefits, enriching their engagement within the Garden ecosystem.
Allocation and emission
Total Supply: 147,000,000 SEED
- Community incentives: 54.4% (80,000,000 SEED) allocated for community growth and engagement through various programs.
- Liquidity: 5.5% (8,000,000 SEED) to support liquidity.
- Partnerships and grants: 5.5% (8,000,000 SEED) reserved for both tech and non-tech community grants and to establish strategic partnerships.
- Team: 15% (22,000,000 SEED) allocated to the Garden team, subject to a 24-month cliff from TGE and subsequent streaming.
- Investors: 19.6% (29,000,000 SEED) allocated to early backers, subject to a 24-month cliff from TGE and subsequent streaming.
Contract addresses
| Chain | Address |
|---|---|
| Ethereum | 0x5eed99d066a8CaF10f3E4327c1b3D8b673485eED |
| Arbitrum | 0x86f65121804D2Cdbef79F9f072D4e0c2eEbABC08 |
Emission schedule
[as of January 21, 2025]
Community incentives
The community incentives allocation accounts for 96 million SEED, designed to drive ecosystem growth through grants, campaigns, and other initiatives.
- Distributed to date: 12.44 million SEED (12.96%), of which 3.78 million SEED have been permanently staked.
- Remaining funds: Controlled by the DAO, which determines their use through the governance process.
Team and investor incentives
The team and investor incentives allocation account for 51 million SEED. Both investors and the team have a 24-month cliff starting from TGE (January 18, 2024). Post-cliff, SEED tokens are streamed over a multi-year schedule as outlined below. This predictable and fair distribution model aligns with the protocol’s long-term goals.
- Investor incentives are streamed over a 24-month period following the cliff.
- Team incentives are streamed over a 30-month period following the cliff.
| Category | TGE | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total |
|---|---|---|---|---|---|---|---|
| Investors | 0 | 0 | 0 | 14.5 M | 14.5 M | 0 | 29 M |
| Team | 0 | 0 | 0 | 8.8 M | 8.8 M | 4.4 M | 22 M |
Future Outlook
The SEED allocation for community incentives is dynamic, with the DAO determining its distribution to ensure alignment with community needs. Transparent tokenomics and governance-driven decisions will remain central as Garden evolves. Initiatives to onboard new chief gardeners and enhance community engagement will expand in future phases of the protocol.