Tokenomics

Adamant Token (ADDY) is the native token of the Adamant Finance platform on Polygon and provides value for liquidity providers, farmers, and token stakers.

Adamant's docs refer to "ADDY", the Adamant platform token on the Polygon chain, but the information on most pages will also apply to the Adamant platform tokens on other chains, though certain numbers like the minting rate will be different.

Token Supply and Emission

The initial supply of ADDY was 100,000 tokens. ADDY was mainly minted based on the profit generated through performance fees from Adamant's normal vaults. 300 ADDY was minted for every 1 ETH earned in performance fees.

After protocol expenses have been paid, the performance fee is distributed as the native chain's token (ex. WMATIC) to users with staked ADDY, vested ADDY, or locked ADDY in the fee distribution contract.

ADDY was earned by using Adamant's vaults. For every 100 ADDY minted, 15 additional ADDY was also minted to the developer fund to ensure rapid innovation.

ADDY rewards have ended for new vaults, which puts a hard cap on the supply of ADDY.

Usage

Staking ADDY allows users to earn any profits generated from Adamant's vaults.

Adamant platform tokens on other networks fulfill the same purpose as ADDY on Polygon, so almost all documentation will cover all Adamant platform tokens unless otherwise stated.

ADDY can be bought on Quickswap.

Safety

Adamant's contracts have been audited by Certik, one of the leading professional auditing firms in the industry.