SAIL Token

Blacksail Finance is backed by a bonded USDC revenue sharing token which purchases and distributes platform rewards back to LP providers known as SAIL. The SAIL Token is backed by a liquid reserve of USDC which is readily available for redemption via the SAIL Bonding Curve. More information about the SAIL bonding curve can be found in SAIL Bonding Curve

SAIL Tokenomics

• Total Supply:

  • 700,000 tokens (100%)

• Open Market Curve Available Balance (Remaining Balance):

  • 525,000 tokens (75%)

• User Whitelist Allocation:

  • 140,000 tokens (20%) *estimated but depends on total user whitelist participants

• Protocol Whitelist Allocation:

  • 35,000 tokens (5%)

SAIL tokens enable users to enjoy the following benefits:

1. Vault Revenue Sharing: SAIL token holders receive 50% of all protocol revenues, distributed directly to them via the protocol SAIL vault.

2. Swap Revenue Sharing: SAIL token holders receive 80% of all swap revenues, distributed directly to them via SAIL lending.

3. Redemption for USDC: Tokens can be redeemed anytime for USDC through the SAIL curve, which is backed by a fully liquid reserve.

4. Collateral for USDC: Tokens can be used as collateral to borrow USDC for other uses while earning swap revenues.

5. Scaling Buy Pressure: Periodic fee redistributions drive consistent buy pressure, scaling with Blacksail’s Total Value Locked (TVL) growth.

6. Price Appreciation via Bonding Curve: Limited token supply ensures pricing growth is governed by a bonding curve function, rewarding early adopters and participants.

7. Exclusive Airdrops: Holders are eligible for partner airdrops, including tokens, NFTs, and other rewards.

8. Governance Rights: Owning SAIL tokens grants full voting rights, empowering holders to shape the future direction of Blacksail Finance.

9. Protocol Benefits: Token holders enjoy the advantages of ongoing protocol development, with new use cases and features continually enhancing SAIL’s utility