📈 Launch tokenomics
A breakdown of our tokenomics.
Our tokenomics have been thoughtfully designed to align incentives, preserve community ownership, and ensure the protocol's long-term sustainability.
Rather than optimizing for short-term gains or external control, our structure prioritizes community empowerment, rewards meaningful participation, and provides the flexibility necessary for responsible growth over time.
These were the tokenomics at the time of launch.
The Vault tokenomics: built for long-term alignment
The Vault's tokenomics are designed to ensure sustainability, decentralization, and aligned incentives between the contributors and the broader community.
Aligned vesting structures
Vesting schedules are structured to reflect both commitment and role within the ecosystem (Figure 2.4):
- Team tokens are vested for 4 years
- Community and user rewards are vested for 1 year
Figure 2.4: Vesting periods by role
This model ensures that both the team and users are incentivized to contribute meaningfully to the protocol's long-term success.
Community sovereignty
The Vault was created without external funding, private investors, or pre-sale allocations. As a result:
- There are no venture capital backers
- No off-market token deals
- No pre-sale participants
This ensures that governance and ownership remain entirely in the hands of the community, with no outside influence over protocol decisions or direction.
Long-term strategy
The Vault has never raised capital. This intentional choice allows us to operate without pressure from external stakeholders and remain focused on long-term value creation.
A substantial portion of tokens remains unallocated. These reserves provide strategic flexibility to support future contributors, ecosystem initiatives, and unforeseen opportunities as the protocol evolves.
$V launch details
The Vault's Token Generation Event (TGE) took place on July 23, 2025.
Here's what happened at launch:
- A liquidity pool was deployed at a 60,000 vSOL Fully Diluted Value (FDV), using 1% of the Total Token Supply (TTS).
- A total of 600 vSOL seeded the pool, setting the initial price at 0.0006 vSOL per token.
Seasonal token emissions
Seasons are defined periods during which users interact with The Vault protocol to accumulate vPoints. At the conclusion of each season, these points are converted into option contracts.
Season lifecycle
Each season follows this lifecycle (Figure 2.5):
- Users participate in The Vault products (e.g., by providing liquidity).
- Points are earned based on the level of engagement and activity.
- At the season's end, accumulated points are exchanged for option contracts.
- Each option grants the right to mint $V tokens at a predetermined strike price during a specified exercise window.
Figure 2.5: Season lifecycle
Mid-September 2025 options season
The first options seasonal emission occurred in September 2025:
- Between September 16 and 30, users were able to convert their points into options.
- These options will allow participants to mint an additional 1% of the TTS at a 66,000 vSOL FDV (price: 0.00066 vSOL per token).
To learn more about how our options work, read Introduction to $V Options.
For details on future seasons, visit The Vault's Discord.
Token distribution breakdown
The $V total supply is 100,000,000, distributed as follows (Figure 2.6):
- DAO treasury: 35.0%
- Contributors: 23.0%
- vPoints holders: 16.5%
- Future contributors: 12.5%
- Liquidity reserve: 12.5%
- Early stakers: 0.5%
Figure 2.6: $V token distribution