HARPY distribution schedule
In general, it is planning to be minted 3,250,000 HARPY, to be distributed over 16 months. The below is our planned distribution.
  • Community distribution: 70% (~2,275,000 HARPY) - Stage 1: 50%, Stage 2: 25%, Stage 3: 12.5%, Stage 4: 6.25%.
Stages
Percentage
Amount
Stage 1
50%
1,137,500 HARPY
Stage 2
25%
568,750 HARPY
Stage 3
12.5%
284,375 HARPY
Stage 4
6.25%
142,187.5 HARPY
As mentioned earlier, in Stage 2, Harpy Finance must also start operations on the Ethereum L1. Because of this, from Stage 2 onwards, HARPY must be distributed on both Arbitrum (L2) and Ethereum Mainnet (L1). The proportion of distribution in each network must be defined by the governance. Below, how the distribution calendar should work on both networks.
  • Arbitrum (L2):
Stages
Percentage
Amount
Stage 1
100% of the total distribution reserved for Stage 1 (1,137,500 HARPY)
1,137,500 HARPY
Stage 2
To be defined by governance
To be defined by governance
Stage 3
To be defined by governance
To be defined by governance
Stage 4
To be defined by governance
To be defined by governance
  • Ethereum (L1):
Stages
Percentage
Amount
Stage 1
-
-
Stage 2
To be defined by governance
To be defined by governance
Stage 3
To be defined by governance
To be defined by governance
Stage 4
To be defined by governance
To be defined by governance
To make it clear: Stage 1 will only be distributed on the Arbitrum Network. In stage 2, stage 3 and stage 4, the distribution will take place both at Arbitrum (L2) and Ethereum Mainnet (L1), with percentages to be defined by the governance.
  • Team tokens: 2% (65,000 HARPY - 25% minted every start of stage and locked for 4 months after initial mint ceremony. Released every 1st Month of every quarter). Controlled by multisig wallet.
Stages
Percentage
Amount
Minted in
Unlocked in
Stage 1
50%
81,250 HARPY
Start of stage 1
Start of stage 2
Stage 2
25%
40,625 HARPY
Start of stage 2
Start of stage 3
Stage 3
12.5%
20,312.5 HARPY
Start of stage 3
Start of stage 4
Stage 4
6.25%
10,156.25 HARPY
Start of stage 4
At the end of stage 4
  • Treasury: 10% (325,000 HARPY) - Minted at the start of Stage 2 and controlled by governance.
  • Post-launch liquidity incentives: 15% (487,000 HARPY) - voted on by governance but currently reserved for various liquidity incentives and partnerships.
  • ICO: 3% (97,500 HARPY).
After 16 months, 2,275,000 HARPY should be distributed evenly to the community through liquidity mining and stake. After this period, the governance will decide whether new HARPY should be minted or not.
Governance must still be implemented in Stage 1, when at least 500,000 HARPY have been distributed fairly to the community. It is considered that from 500,000 HARPY distributed, the community will have enough capacity and quantity of tokens to decide future resolutions related to Harpy Finance. We believe in community power. Check governance.
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