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Merge pull request #977 from LIT-Protocol/pre-launch-updates
Pre launch updates
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docs/docs.json

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"pages": [
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"governance/litkey/overview",
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"governance/litkey/initial-allocation-and-distribution",
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"governance/litkey/staking",
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"governance/litkey/lit-chain",
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"governance/litkey/bridging-and-addresses"
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]
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"pages": [
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"governance/airdrop/overview",
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"governance/airdrop/eligibility-criteria",
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"governance/airdrop/claiming",
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"governance/airdrop/rewards"
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"governance/airdrop/claiming"
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]
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}
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]

docs/governance/airdrop/claiming.mdx

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title: "Claiming Tokens"
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---
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Coming soon.
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To claim your season 1 airdrop, please visit the [Lit staking portal](https://staking.litprotocol.com/airdrop). Airdrop claiming will open up on October 30th at 00:00 UTC following the Lit Protocol TGE.

docs/governance/airdrop/eligibility-criteria.mdx

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title: "Season 1 Eligibility Criteria"
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---
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Coming soon.
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The Season 1 Airdrop is designed to reward early contributors who played a meaningful role in bootstrapping the Lit ecosystem ahead of the TGE and v1 Mainnet launch.
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This initial distribution will be allocated to a diverse group of node operators who supported testnet deployments and secured early network activity, builders who shipped applications or tools using Lit infrastructure, core integration partners who integrated Lit into other protocols or tooling, quest Participants who completed tasks in campaigns such as Ciphernaut’s Path, Discord Contributors who helped moderate, educate, and onboard within the Lit ecosystem, and other select groups identified for their impact during Lit’s early growth phase.
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## Eligibility Criteria
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1. **Node Operators**: Airdrop rewards will be distributed to node operators who participated in the Lit Protocol testnet and mainnet beta phases. This includes participants in the Serrano, Cayenne, Manzano, Habanero, and Datil networks.
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2. **Ecosystem Builders and Core Integration Partners**: Ecosystem builders and core integration partners will be eligible to claim tokens in the season 1 airdrop. This includes contributors to core Lit Protocol repositories on GitHub, hackathon participants, grantees, teams and individuals who have released apps and protocols integrating Lit in production and on testnet, and others who have contributed to Lit Protocol along similar lines.
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3. **Quest Participants**: Individuals who participated in any of Lit Protocol's Season 1 Galxe campaigns will be eligible to claim tokens in the airdrop. A minimum of 50 points was required in order to be eligible, implying that you completed tasks that required onchain interactions.
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4. **Discord Contributors**: Any contributor who was level 1 or higher who participated in Lit Protocol's Season 1 Discord contribution campaign is eligible to claim tokens in the airdrop. Token allocations were calculated based on each individual's Contributor Level, Badges, and total number of accumulated points.
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5. **Genesis Gate NFT Holders**: All holders of Lit Protocol's OG Genesis Gate NFTs were allocated tokens on a fixed basis.
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## Adjustments and Other Notes
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### Adjustments
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Adjustments were made to the list of eligible airdrop participants to filter out addresses associated with or known to be sybil and / or bot accounts.
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### Rewards and Bonuses
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All airdrop recipients can stake their token allocation for additional bonus rewards. For those who participate in the [Lit Staking Contest](/node-ops/staking-contest/logistics) as a node operator OR token delegator will receive a 10% reward bonus. This bonus will be applied directly to your locked token balance after the Staking Contest ends and the v1 Mainnet is live.
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Native [staking reward](/governance/litkey/staking) distribution will also begin after the v1 Mainnet is live. The multiplier used to calculated each individual staker / delegator's token rewards is dependent on the timelock selected, varying from an estimated ~12% to ~100% for those who lock for the minimum (3 months) to the maximum (4 years).
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Please visit the [staking portal](https://staking.litprotocol.com/) to begin your staking journey. Staking will begin after the Lit Protocol TGE.

docs/governance/airdrop/rewards.mdx

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docs/governance/litkey/bridging-and-addresses.mdx

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---
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title: "Bridging and Contract Addresses"
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title: "Token Bridging and Contract Addresses"
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---
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Use the [Hyperlane Nexus Bridge](https://nexus.hyperlane.xyz/) for fast bridging of LITKEY to all the networks listed in the table below.
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<Note>
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The Lit Protocol TGE will take place on Aerodrome on 10/30 at 00:00 UTC. [Details here](https://x.com/LitProtocol/status/1981794852712132716).
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</Note>
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The [Hyperlane Nexus Bridge](https://nexus.hyperlane.xyz/) can be used to quickly bridge LITKEY to all the networks listed in the table below.
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## Official Contract Addresses

docs/governance/litkey/initial-allocation-and-distribution.mdx

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title: "Initial Allocation and Distribution"
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---
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Coming soon.
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## Token Details
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| Detail | Value |
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|--------|--------|
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| Ticker | LITKEY |
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| Token Standard | ERC-20 |
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| Token Decimals | 18 |
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| Fixed Token Supply | 1,000,000,000 |
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| Initial Circulating Supply | 22% |
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## Token Allocation
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![LITKEY Allocation](/images/tokenAllocation.png)
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### Lit Protocol Airdrop
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10% of the LITKEY supply is reserved for the Lit Protocol Airdrop and other TGE-related activities. Beginning at TGE, these tokens will be distributed to builders, node operators, and other ecosystem participants.
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### Lit Association
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11% of the LITKEY supply is reserved for the Lit Association. These tokens will be used to fund ongoing operations, ecosystem growth initiatives, and the progressive decentralization of the network.
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### Aerodrome Incentives
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4% of the LITKEY supply is reserved for voter incentives on Aerodrome. 1% of total tokens is reserved for the first LITKEY/WETH epoch with voting [now live](https://aerodrome.finance/vote).
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### veLITKEY Builder Rewards
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28% of total LITKEY tokens are reserved for builder incentives. These emissions will be directed by veLITKEY holders. [Details here](https://litprotocol.discourse.group/t/lip-001-velitkey-a-token-model-for-sovereign-economic-development/14).
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### Founding Contributors
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28% of the LITKEY supply is reserved for founding contributors who have dedicated five years to creating Lit Protocol. Their contributions span product, engineering, business development, ecosystem, marketing, and strategy.
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## Early Investors
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19% of LITKEY is reserved for early investors of Workgraph, Inc who have provided financial and strategic support for many years as well as participants in the $LITKEY Community sale on Legion.
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## Vesting Schedule
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All team and venture investor tokens are locked for 1 year after TGE with 24 month linear vesting thereafter.
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Tokens sold in the Lit Protocol Community Sale on Legion will be distributed across 3 separate tranches:
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- 0.17% of the total token supply will be liquid at token launch
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- 0.14% will vest linearly over 12 months
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- 0.51% will be locked for 1 year following the TGE
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The veLITKEY pool for builder reward emissions are variable and tied directly to network revenue.

docs/governance/litkey/lit-chain.mdx

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import { AddLitChainButton } from "/snippets/AddLitChainButton.jsx";
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Lit Chain is an Arbitrum Orbit-based L3 rollup that acts as the shared state layer for Lit Protocol.
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Lit Chain is an Arbitrum Orbit-based L3 rollup that acts as the shared state layer for Lit Protocol. In order to participate in staking or delegation, you'll need to add the Lit Chain to your wallet using the button below.
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## Connecting to Lit Chain
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<AddLitChainButton />
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To connect to Lit Chain, you can click the button above or manually add the network parameters below. For production use cases, you should get a free private RPC URL from Conduit by clicking "Get an API Key" on the [Lit Chain hub page](https://hub.conduit.xyz/lit-chain-1rw3jdu82h).
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<Note>
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The below and additional chain parameters are available [here](https://hub.conduit.xyz/lit-chain-1rw3jdu82h).
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</Note>

docs/governance/litkey/overview.mdx

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title: "Overview"
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<Note>
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The Lit Protocol TGE will take place on Aerodrome on 10/30 at 00:00 UTC. [Details here](https://x.com/LitProtocol/status/1981794852712132716).
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</Note>
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The \$LITKEY token underpins the entire Lit Protocol ecosystem, serving as a multi-dimensional work, payment, and governance token. Together, these dimensions aim to facilitate a self-sustaining token economy in which tokens are staked to secure the network, used as rewards to incentivize operator participation, exchanged to access cryptographic services, and to govern the continued growth and development of the Lit ecosystem.
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## Work Token: Securing and Incentivizing Service Providers

docs/governance/litkey/staking.mdx

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title: "Staking and Delegation"
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---
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<Note>
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A 10% bonus will be applied to stakers / delegators who participate in the [Lit Staking Contest](/node-ops/staking-contest/logistics) to select the genesis operator set. This bonus will be applied to your locked balance after the v1 DKG. Stake or delegate using the Lit staking portal: https://staking.litprotocol.com/
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</Note>
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This page covers how staking and delegation works for token holders. If you're a node operator, please check out the related staking and delegation page in the [node operations](/node-ops/staking-and-delegation) documentation.
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## Overview
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LITKEY token holders can lock their tokens to help secure the Lit network and earn a share of staking rewards. To delegate your tokens to a Lit Node Operator, please visit the [Lit staking portal](https://staking.litprotocol.com/). If you’re a node operator, or interested in running a node, please visit the [node operations docs](/node-ops/overview).
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Staking rewards are distributed according to each individual's **stake weight**, calculated as a function of the number of tokens staked and a time lock mechanism, covered in depth in the sections below. Staking reward distribution will begin after the staking contest emds and the genesis node operator set has been selected. Details [here](/node-ops/staking-contest/logistics).
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Please see the sections below for details on how staking rewards are calculated, distributed, and how you can participate in securing the Lit network today.
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## Calculating Staking Rewards
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All staking and delegation takes place on the official Lit Protocol staking portal. This is where you can delegate your tokens to a node operator of your choosing and manage your staking rewards.
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### Rewards and Timelocks
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Stakers earn rewards for delegating tokens to node operators participating in an *active* Lit network. Rewards are calculated using a timelock mechanism (covered below) that increases rewards for stakers who lock their tokens for longer periods of time. This mechanism incentivizes long-term alignment and participation with the protocol.
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- Rewards are distributed programmatically via the Lit staking contract.
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- Rewards are configured per network and may differ between [Realms](https://spark.litprotocol.com/enhancing-threshold-security-and-performance-at-scale-introducing-shadow-splicing/).
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- Only stakers who delegate to active node operators—those selected to run a node—receive rewards. Tokens delegated to standby node operators will not accrue rewards at this time.
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### Reward Calculation
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All \$LITKEY staking rewards are calculated based on stake weight, a unique reward mechanism inspired by ve mechanics. Stake-weight is calculated as a function of both the quantity of $LITKEY tokens staked as well as the length of time for which they are locked for. This timelock can range from two weeks to four years, depending on the preferences of each individual staker. Longer lock durations yield higher multipliers on rewards, signaling greater commitment and aligning incentives toward long-term network sustainability. The relative nature of this weighting means that overall rewards depend not only on an individual’s stake but also on the staking decisions of other participants in the network.
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For an in-depth look at the formula used to calculate stake weight and total reward distribution, please reference the \$LITKEY [token white paper](https://github.com/LIT-Protocol/LITKEY-Token-Paper-v1).
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#### Decay Mechanism
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By default, all tokens that are staked remain locked for the timelock that is selected until they are unfrozen. After your stake begins to unfreeze, it will continue to decay until the tokens are fully unlocked.
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#### Bonus for Pre-DKG Stakers / Delegators
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A [staking contest](/node-ops/staking-contest/logistics) is being run to select the genesis node operator set, open to all prospective node operators and / or token delegators. A 10% bonus will be applied to the locked balance of anyone who participates in the contest. The bonus will be distributed after the v1 DKG is complete.
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#### Transition to veLITKEY
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After the v1 DKG is complete and the Naga Mainnet is live, the \$LITKEY staking model will transition to veLITKEY. The veLITKEY model permanently aligns LITKEY token issuance with network productivity and revenue generation, helping Lit Protocol transition into a self-sustaining, revenue-backed economy governed by stakeholders. Through veLITKEY staking, token holders gain long-term governance over ecosystem funding, with inflation protection applying to voting weight. Ecosystem builders are rewarded via vote dictated rewards based on real usage, ensuring that incentives flow to productive participants.
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Details on the veLITKEY model can be found [here](https://litprotocol.discourse.group/t/lip-001-velitkey-a-token-model-for-sovereign-economic-development/14).
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## Delegating LITKEY
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<Tip>
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If you're a node operator, please visit the relevant [node operator documentation](/node-ops/overview).
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</Tip>
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In order to delegate to a node operator of your choosing, please visit the [staking portal](https://staking.litprotocol.com/).
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As a LITKEY holder, you can delegate your tokens to any node operator given they have registered their node on the staking portal. By delegating your stake to a node operator, you are helping them boost their rank during the staking contest, increasing the chance of them being selected for the genesis validator set. All delegators retain ownership of their tokens while sharing in the staking rewards distributed to each node.
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### Getting Started
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Staking will begin on October 30th at 00:00 UTC following the Lit Protocol TGE.

docs/images/tokenAllocation.png

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