What is decided
- A protocol token is planned.
- Its value accrual will come from protocol fees — the performance fees vaults generate flow back to the token. See Value accrual.
What is not decided
The exact mechanism (buybacks, burns, or a combination), supply, and distribution are still being finalised. We would rather publish nothing than publish numbers that change — these pages will be filled in as each decision is ratified, before launch.No page in these docs, including this one, is an offer or a promise of future value. The token’s purpose is protocol alignment, and its design will be documented in full before anyone can hold it.