PRE-DISCUSSION [new token] before proposal

[huacayachief]

Hello everyone. Thank you for your patience and the discussion so far on this topic.

Please continue the discussion and ask any questions in the new thread here where we share more details about a potential adjustment to ALPACA tokenomics.

[For Discussion] Potential adjustment to ALPACA tokenomics to support upcoming (Perp, AF2.0) and future product launches

Background: We’re very proud that Alpaca Finance is one of the few successful fair-launch DeFi projects. We never conducted a token sale, and 87% of our total supply is distributed to our community and users–one of the highest ratios in the industry! Back in early 2021, when we designed our ALPACA token, we optimized on certain dimensions to give us the best chance of success at launch, and while that served us well in the past, it also created limitations for the future. We will address those…