🪙Overview

The official token of the Surge Finance protocol is SURGE. It will have 3 main use cases:

• Governance: Voting to shape the future of the protocol.

• Staking: Users will be able to stake the SURGE token to earn the protocol's revenue. This gives the token true utility. As a reminder, Surge Finance charges no fees on users' collateral, instead taking a 10% fee from yield generated by LST collateral. This revenue will be shared entirely with SURGE stakers. Our article on the potential of Surge Finance explained how this revenue could be $8m per year!

• Incentives: When required, the token can be used to incentivize adoption of the protocol. For example, by rewarding users who deposit LSTs, mint USDS or participate in the stability pool.

Token Distribution

A key objective for the team for the token launch has been to ensure sound tokenomics without the high inflation rates and high valuations which often plague token launches, and to ensure everyone has an equal opportunity to buy SURGE without any pre-sales. As a result, 3m tokens or 30% of the max supply will be used to provide liquidity at a valuation of $300,000, equating to a fully diluted market cap of $1m. Full details of the token distribution can be seen in the chart below.