Governance Token STONE ๋Ÿฐ์นญ๋ฐœํ‘œ

Pangea Swap
9 min readOct 28, 2022

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(๐Ÿ‘‡ English below)

STONE ๋Ÿฐ์นญ์˜ ๋ฐฐ๊ฒฝ

ํŒ๊ฒŒ์•„ ์Šค์™‘์€ ์ง€๋‚œ 8์›” 18์ผ ๋Ÿฐ์นญํ•œ ์ง‘์ค‘๋œ ์œ ๋™์„ฑ (Concentrated Liquidity) ๊ธฐ๋ฐ˜์˜ AMM์œผ๋กœ์„œ, ๋†’์€ ํšจ์œจ์„ฑ์œผ๋กœ ์ƒํƒœ๊ณ„ ์ž๋ณธํ๋ฆ„ ํ™œ์„ฑํ™”๋ฅผ ์ด๋Œ์–ด๋‚ด๋Š” ์ธํ”„๋ผ DEX๋ฅผ ์ง€ํ–ฅํ•˜๊ณ  ์žˆ์Šต๋‹ˆ๋‹ค.

์ฝ”์–ดํŒ€์€ ๊ฑฐ๋ฒ„๋„Œ์Šค ํ† ํฐ ์—†์ด ํ”„๋กœํ† ์ฝœ์˜ ์šด์˜์„ ์‹œ์ž‘ํ•˜์˜€๋Š”๋ฐ, ์ด๋Š” ๋Ÿฐ์นญ ์ „๋ถ€ํ„ฐ ํ† ํฐ ํŒ๋งค๋ฅผ ํ†ตํ•ด ์‹œ์žฅ์˜ ์ด๋ชฉ์„ ๋Œ๊ธฐ ๋ณด๋‹ค๋Š”, ๋†’์€ ํŽธ์˜์„ฑ๊ณผ ๊ฐ•๋ ฅํ•œ ์‹ค์ต์˜ ๊ฒฝํ—˜์„ ๋จผ์ € ์ œ๊ณตํ•˜๋ฏ€๋กœ์„œ ํŒ๊ฒŒ์•„ ์Šค์™‘์˜ ์‹ค์ œ ๊ฐ€์น˜์— ๋Œ€ํ•ด ํ™•์‹ ์„ ๋“œ๋ฆฌ๊ณ ์ž ํ–ˆ๊ธฐ ๋•Œ๋ฌธ์ž…๋‹ˆ๋‹ค.

ํ•ต์‹ฌ์—ญ๋Ÿ‰์˜ ๊ฐœ๋ฐœ์— ์ง‘์ค‘ํ•œ ํŒ๊ฒŒ์•„ ์Šค์™‘์€ ๋Ÿฐ์นญ ํ›„ ์ˆ˜ ์ฃผ ๋งŒ์— 1์ฒœ๋งŒ ๋‹ฌ๋Ÿฌ ์ด์ƒ์˜ TVL์„ ์œ ์น˜ํ•˜์˜€๊ณ , 24์‹œ๊ฐ„ ๊ฑฐ๋ž˜๋Ÿ‰์€ 3์ฒœ๋งŒ ๋‹ฌ๋Ÿฌ๋ฅผ ๋ŒํŒŒํ•˜์˜€์œผ๋ฉฐ, 300%๋ฅผ ์ดˆ๊ณผํ•˜๋Š” ์ž๋ณธ์ˆœํ™˜์œจ์„ ๋ณด์ด๋Š” ๋“ฑ ๋ฒ ์–ด์žฅ ์ž„์—๋„ ๋ถˆ๊ตฌํ•˜๊ณ  ๋›ฐ์–ด๋‚œ ์„ฑ์žฅ์„ ์ผ๊ถˆ๋ƒˆ์Šต๋‹ˆ๋‹ค.

์ด์ œ ํŒ๊ฒŒ์•„ ์Šค์™‘์€ ํด๋ ˆ์ดํŠผ ์ž๋ณธํ๋ฆ„์„ ๊ฐœ์„ ํ•˜๋Š” ์ธํ”„๋ผ DEX๋กœ ๋ณธ๊ฒฉ์ ์œผ๋กœ ์ž๋ฆฌ๋งค๊น€ ํ•˜๊ณ ์ž ์ด๋ฒˆ 11์›” ์ค‘์— ๊ฑฐ๋ฒ„๋„Œ์Šค ํ† ํฐ โ€œSTONEโ€์˜ ๋ถ„๋ฐฐ๋ฅผ ์‹œ์ž‘ํ•ฉ๋‹ˆ๋‹ค. ๋‚˜์•„๊ฐ€ 2023๋…„ 1๋ถ„๊ธฐ์—๋Š” ๊ฑฐ๋ฒ„๋„Œ์Šค ์‹œ์Šคํ…œ ํ˜•์„ฑ์„ ์ง„ํ–‰ํ•  ๊ณ„ํš์ž…๋‹ˆ๋‹ค.

๊ฑฐ๋ฒ„๋„Œ์Šค ํ† ํฐ STONE์˜ ๊ฐ€์น˜

ํŒ๊ฒŒ์•„ ์Šค์™‘์€ ํ”„๋กœํ† ์ฝœ์˜ ์‚ฌ์šฉ์œผ๋กœ ๋ฐœ์ƒํ•œ ์ˆ˜์ˆ˜๋ฃŒ ์ผ๋ถ€๋ฅผ DAO ํŽ€๋“œ์— ์ €์žฅํ•˜๊ณ  ์žˆ์Šต๋‹ˆ๋‹ค. ์ด DAO ํŽ€๋“œ์˜ ์ž์‚ฐ์€ STONE์˜ ๋ฐ”์ด๋ฐฑ์— ์‚ฌ์šฉ๋˜๊ฑฐ๋‚˜ ์ปค๋ฎค๋‹ˆํ‹ฐ ์žฌ๋ถ„๋ฐฐ์— ํ™œ์šฉ๋ฉ๋‹ˆ๋‹ค.

์ฆ‰, STONE ๋ณด์œ ์ž๋Š” DAO ํŽ€๋“œ์˜ ์žฌ๋ถ„๋ฐฐ ํ˜œํƒ์„ ๋ˆ„๋ฆด ์ˆ˜ ์žˆ์œผ๋ฉฐ, STONE์˜ ํŠธ๋ž˜์ ธ๋ฆฌ ๋ฌผ๋Ÿ‰ ๋ถ„๋ฐฐ์™€ ๋”๋ถˆ์–ด ํ–ฅํ›„์—๋Š” ๊ฑฐ๋ฒ„๋„Œ์Šค ๊ตฌ์„ฑ์›์œผ๋กœ์„œ ํ”„๋กœํ† ์ฝœ ์šด์˜์˜ ์ฃผ์š” ์•„์  ๋‹ค ์˜์‚ฌ๊ฒฐ์ •์— ์ฐธ์—ฌํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

๋”ฐ๋ผ์„œ ๊ฑฐ๋ฒ„๋„Œ์Šค ํ† ํฐ STONE์˜ ๊ฐ€์น˜๋Š” ํŒ๊ฒŒ์•„ ์Šค์™‘ ํ”„๋กœํ† ์ฝœ์˜ ๊ฐ€์น˜๋ฅผ ๋ฐ˜์˜ํ•ฉ๋‹ˆ๋‹ค. ๋ง๋ถ™์—ฌ STONE์˜ ๊ตฌ์ฒด์ ์ธ ํ† ํฌ๋…ธ๋ฏน์Šค๋Š” ๊ณง ๊ณต๊ฐœ๋  ์˜ˆ์ •์ž…๋‹ˆ๋‹ค.

STONE ์ด๋ฒคํŠธ์™€ ๊ฑฐ๋ฒ„๋„Œ์Šค ๋„์ž… ํƒ€์ž„๋ผ์ธ

2022๋…„ 11์›”, ํŒ๊ฒŒ์•„ ์Šค์™‘์˜ ์ดˆ๊ธฐ ๊ธฐ์—ฌ์ž์ธ CP (Contribution Points) ๋ณด์œ ์ž์™€ ์œ ๋™์„ฑ ๊ณต๊ธ‰์ž๋“ค์„ ์ค‘์‹ฌ์œผ๋กœ STONE์˜ ๋ถ„๋ฐฐ๋ฅผ ์‹œ์ž‘ํ•ฉ๋‹ˆ๋‹ค. STONE ํš๋“์€ CP-STONE ๊ตํ™˜๊ณผ STONE/KLAY ์Šค์™‘, ๋งˆ์ด๋‹ ํ’€ ์œ ๋™์„ฑ ๊ณต๊ธ‰์„ ํ†ตํ•ด ๊ฐ€๋Šฅํ•ฉ๋‹ˆ๋‹ค.

2023๋…„ 1๋ถ„๊ธฐ์—๋Š” ๊ฑฐ๋ฒ„๋„Œ์Šค ์‹œ์Šคํ…œ์„ ๋„์ž…ํ•˜๋ฉฐ, STONE ๋ณด์œ ์ž๋Š” ๊ฑฐ๋ฒ„๋„Œ์Šค์— ์ฐธ์—ฌํ•  ์ˆ˜ ์žˆ๋Š” ๊ถŒ๋ฆฌ๋ฅผ ๊ฐ€์ง‘๋‹ˆ๋‹ค.

์ž์„ธํ•œ ์ผ์ •์€ ์•„๋ž˜๋ฅผ ์ฐธ๊ณ ํ•ด์ฃผ์„ธ์š”.

๐Ÿ“Œ STONE ์ด๋ฒคํŠธ ๋ฐ ๊ฑฐ๋ฒ„๋„Œ์Šค ๋„์ž… ํƒ€์ž„๋ผ์ธ์ด ๋ณ€๊ฒฝ๋˜์—ˆ์Šต๋‹ˆ๋‹ค.

์ž์„ธํ•œ ๋‚ด์šฉ์€ ๋ณธ ๊ณต์ง€๋ฅผ ์ฐธ๊ณ ํ•ด์ฃผ์„ธ์š” (2022. 11. 16.)

22๋…„ 11์›” | STONE ๊ด€๋ จ ์ด๋ฒคํŠธ ์ผ์ •

๐Ÿ”—[์ด๋ฒคํŠธ 1์ฐจ: 11/10~24] STONE ๋ฐœํ‘œ๊ธฐ๋… APR Boost

  • ๋งˆ์ด๋‹ ํ’€์˜ ์„ ๊ณต๊ฐœ ์ด๋ฒคํŠธ์ด๋ฉฐ, ํ•ด๋‹น ํ’€์— ์˜ˆ์น˜์‹œ APR Boost๊ฐ€ ์ œ๊ณต๋ฉ๋‹ˆ๋‹ค.
  • ํ•ด๋‹น ์ด๋ฒคํŠธ ๊ธฐ๊ฐ„ ์ค‘์˜ ๋ณด์ƒ์˜ ํ˜•ํƒœ๋Š” ํ’€์˜ ํŽ˜์–ดํ† ํฐ๊ณผ ๋™์ผํ•ฉ๋‹ˆ๋‹ค. STONE์ด ๋ณด์ƒ์œผ๋กœ ์ œ๊ณต๋˜์ง€ ์•Š์Šต๋‹ˆ๋‹ค.

[์ด๋ฒคํŠธ 2์ฐจ: 11/21] STONE/KLAY ํ’€ ์ƒ์„ฑ, CP-STONE ๊ตํ™˜ํŽ˜์ด์ง€ ์˜คํ”ˆ

  • CP-STONE ๊ตํ™˜์€ 12/31๊นŒ์ง€ ์ง€์›๋ฉ๋‹ˆ๋‹ค.

[์ด๋ฒคํŠธ 3์ฐจ: 11/24] STONE ๋งˆ์ด๋‹ ํ’€์—์„œ STONE ๋ถ„๋ฐฐ ์‹œ์ž‘

  • ์ด ๋•Œ๋ถ€ํ„ฐ ๋งˆ์ด๋‹ ํ’€ ์œ ๋™์„ฑ ๊ณต๊ธ‰์˜ ๋ณด์ƒ์œผ๋กœ STONE์ด ์ œ๊ณต๋ฉ๋‹ˆ๋‹ค.
  • ๋ถ„๋ฐฐ ๊ธฐ๊ฐ„ ๋ฐ ์œ ๋™์„ฑ ํ’€ ๋ถ„๋ฐฐ ๋ฌผ๋Ÿ‰์€ ์ถ”ํ›„ ๋ฐœํ‘œ๋˜๋Š” STONE ํ† ํฌ๋…ธ๋ฏน์Šค๋ฅผ ๊ธฐ๋Œ€ํ•ด์ฃผ์„ธ์š”

23๋…„ 1๋ถ„๊ธฐ | ํŒ๊ฒŒ์•„ ์Šค์™‘ ๊ฑฐ๋ฒ„๋„Œ์Šค ๋„์ž…

  • STONE ์Šคํ…Œ์ดํ‚น ํ’€: STONE ๋งˆ์ด๋‹, ํŒ๊ฒŒ์•„ ์Šค์™‘ ์ˆ˜์ต ํŽ€๋“œ์˜ ์ˆ˜์ˆ˜๋ฃŒ ๋ถ„๋ฐฐ ๋“ฑ์— ์ฐธ์—ฌ ํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.
  • ๊ฑฐ๋ฒ„๋„Œ์Šค/DAO ์˜คํ”ˆ: ๊ฑฐ๋ฒ„๋„Œ์Šค ์‹œ์Šคํ…œ์„ ๋„์ž…ํ•˜๋ฉฐ ํŒ๊ฒŒ์•„ ์Šค์™‘์€ DAO์— ์˜ํ•œ ์˜์‚ฌ๊ฒฐ์ • ๊ตฌ์กฐ๋กœ ๊ฑฐ๋“ญ๋‚˜๊ฒŒ ๋ฉ๋‹ˆ๋‹ค.

๊ฐ ์ด๋ฒคํŠธ๋ณ„ ์ƒ์„ธ๋‚ด์šฉ๊ณผ STONE ํ† ํฌ๋…ธ๋ฏน์Šค์— ๋Œ€ํ•ด์„œ๋„ ๊ณง ํฌ์ŠคํŒ… ํ•˜๊ฒ ์Šต๋‹ˆ๋‹ค. ๊ฑฐ๋ฒ„๋„Œ์Šค ํ† ํฐ์— ๋Œ€ํ•œ ๊ฐœ๊ด„์ ์ธ ๋‚ด์šฉ์€ ์ด ํŒ๊ฒŒ์•„ ์Šค์™‘ docs(๋งํฌ)๋ฅผ ํ™•์ธํ•ด์ฃผ์„ธ์š”.

๋งŽ์€ ๊ด€์‹ฌ ๋ถ€ํƒ๋“œ๋ฆฝ๋‹ˆ๋‹ค!

๊ฐ์‚ฌํ•ฉ๋‹ˆ๋‹ค ๐Ÿ—ฟ

(๐Ÿ“ English version)

Background

Pangea Swap, an AMM DEX based on concentrated liquidity that was introduced on August 18th, aims to grow into an infrastructure DEX with improved capital efficiency on Klaytn mainnet.

The core team began operating the protocol without a governance token because, instead of drawing market attention through token sales prior to launch, we wanted to convince you of the true worth of the Pangea Swap by giving a powerful user-experience first.

Pangea Swap, which focused on the development of key capabilities and features, attracted more than $10 million in TVL within a few weeks of its start, also surpassed $30 million in 24-hour trading volume, and achieved a capital circulation rate of 300% despite being a bare market.

In order to establish itself as an infrastructure DEX that promotes Klaytnโ€™s capital flow, Pangea Swap will begin distributing the governance token โ€œSTONEโ€ in November of this year. In addition, we expect to establish a governance system in the first quarter of 2023.

Governance and STONE

In the DAO fund, Pangea Swap saves a portion of the protocol fees. This DAO fundโ€™s assets will be used to buy back STONE or redistribute them to the community.

In other words, STONE holders can benefit from the redistribution of the DAOโ€™s funds, and in addition to the distribution of STONE treasary, holders will be able to participate in operational decisions as governance members in the future.

The value of the governance token STONE therefore reflects the value of the Pangea Swap. The tokennomics of Pangea Swap will be disclosed shortly.

Timeline for STONE Events and Governance Adoption

In November 2022, we will begin distributing STONE primarily to early contributors who have Contribution Points, (CP) and liquidity providers.

  • STONE may be acquired via CP-STONE exchange, STONE/KLAY swap, and supplying liquidity in mining pools.
  • The governance system will be launched in the first quarter of 2023, and STONE holders will have the ability to participate in governance/DAO.

Please read below for more information.

๐Ÿ“Œ The STONE Events and Governance Adoption Timeline is changed.

Please read the announcement for more information (2022. 11. 16.)

Q4 2022 | STONE Launch

๐Ÿ”— Event 1. Pre TGE: APR Boost Event! (Nov 10โ€“24)

  • Pre-launch APR Boost event! Provide liquidity in designated mining pools and earn boosted yield.
  • During the event, the reward is the same as the pair token in the pool. STONE is not given as a reward.

Event 2. Nov 21

  • STONE/KLAY pool launch
  • CP-STONE exchange launch (ends on Dec 31)

Event 3. Nov 24

  • STONE distribution started in STONE mining pools from this point.
  • STONE tokenomics will be shared shortly.

Q1 2023 | Governance Launch

  • STONE staking pool
  • Governance/DAO system

Soon, information regarding each event and STONE Tokenomics will be posted. For a summary of governance tokens, please refer to the Pangea swap docs.

Thank you ๐Ÿ—ฟ

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