> ## Documentation Index
> Fetch the complete documentation index at: https://docs.dynamo.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Tokenomics (Soon)

> DYNAMO token supply, distribution breakdown, vesting schedules, non-inflationary design, and token utility including governance and real yield.

<Note>
  **The Dynamo token has not been launched yet.** Exact percentages will be published at token launch via the governance forum.
</Note>

The DYNAMO token is the governance and value-accrual token of Dynamo Finance. It is designed to be **non-inflationary**, total supply is fixed at launch with no ongoing emissions.

## Total Supply

| Parameter          | Value                                     |
| :----------------- | :---------------------------------------- |
| **Total Supply**   | TBD (Fixed and non-inflationary)          |
| **Token standard** | ERC-20                                    |
| **Inflation**      | None, no additional minting after genesis |

## Distribution Breakdown

The DYNAMO token supply is allocated across five categories:

| Category      | Allocation | Notes                                                         |
| :------------ | :--------- | :------------------------------------------------------------ |
| **Community** | TBD%       | Governance participants, incentives, and ecosystem growth     |
| **Treasury**  | TBD%       | DAO-controlled funds for grants, partnerships, and operations |
| **Ecosystem** | TBD%       | Integrations, liquidity incentives, and partner programs      |
| **Team**      | TBD%       | Core contributors, subject to vesting                         |
| **Investors** | TBD%       | Early backers, subject to vesting                             |

## Vesting Schedules

| Category                  | Cliff     | Vesting Period                   |
| :------------------------ | :-------- | :------------------------------- |
| **Team**                  | 12 months | 36 months linear after cliff     |
| **Investors**             | 12 months | 24 months linear after cliff     |
| **Community / Ecosystem** | None      | Released per governance schedule |
| **Treasury**              | None      | DAO-controlled release           |

Vesting is enforced on-chain via standard token vesting contracts. Team and investor tokens cannot be transferred or voted with during the cliff period.

## Non-Inflationary Design

DYNAMO has a **fixed total supply**. This means:

* No new tokens are ever minted after genesis
* Ecosystem incentives are funded from the pre-allocated community and ecosystem pools, not new issuance
* Any future reward programs must be approved by governance and funded from existing treasury allocations

This design protects holders from dilution and makes token utility — not inflation — the driver of participation.

## Token Utility

### 1. Governance Voting

DYNAMO is the primary governance token for Dynamo platform decisions. Holders vote on:

* Fee changes
* Feature approvals
* Treasury spending
* How the DAO's MORPHO tokens are voted in Morpho governance

See Dynamo Governance and Voting for details.

### 2. Real Yield (Non-Dilutive)

DYNAMO holders earn a share of real protocol revenue from Dynamo community vaults, not inflationary token emissions. Yield is distributed in:

| Asset                                     | Chain   |
| :---------------------------------------- | :------ |
| [**BTC Yield**](https://dynamo.finance/)  | Mainnet |
| [**ETH Yield**](https://dynamo.finance/)  | Mainnet |
| [**USDC Yield**](https://dynamo.finance/) | Mainnet |

This is "real APY" in the sense that it comes from actual economic activity, not newly minted tokens. Distribution mechanics and rates are governed by the DAO.

<Tip>
  Real yield distributions are proportional to governance participation or staking, depending on the final distribution mechanism approved by the DAO.
</Tip>

## Token Address

<Note>
  The official DYNAMO token contract address will be published at launch. Always verify the address via the official Dynamo Finance website or governance forum before interacting.
</Note>