Token
$SLABS
The token is earned by using the protocol. Take a loan, earn $SLABS. Repay it in full, earn more.
How you earn it
Rewards accrue in two places: when a loan is drawn, and again when it is repaid in full. Repaying is worth more than borrowing — a borrower who pays back is worth more to the protocol than one who simply draws, and the rewards say so.
How much you earn scales with how much you borrow. Bigger loans and longer histories earn more, and rewards accrue to the wallet that borrowed.
When you borrow
Rewards start accruing
The moment the advance settles to your wallet
When you repay
You earn more again
A larger reward than the one for borrowing
What it does
Better rates. Holding $SLABS improves the terms you're offered when you borrow.
Protocol revenue. A share of interest paid by borrowers flows back to stakers.
A say in what's accepted. Which graders, categories and collections the vault takes as collateral is decided by token holders.
Supply
One billion $SLABS, fixed. No mint authority after launch. The largest single allocation goes to the people actually borrowing.
- Borrower rewards45%
Earned by taking and repaying loans
- Liquidity20%
Exchange and pool depth
- Treasury15%
Protocol reserves and lending capital
- Team12%
Vested over 24 months
- Community8%
Grants, partnerships, incentives
Contract address
$SLABS contract address
Not yet deployed
$SLABS has not launched. There is no contract address yet, and any token claiming to be $SLABS today is not ours. The address will appear here first.
Follow @SolSlabsXYZ for the launch announcement. We will never DM you an address.
Before launch
Loans aren't open yet, so no $SLABS has been distributed. Rewards earned from day one of lending are credited to the wallet that borrowed and claimable at launch.
See what your slabs are worth in the meantime.