Background
When the Timeswap team came together at the end of 2020, our goal was to build permissionless & decentralized base layer infrastructure for capturing the time value of any asset.
Timeswap V1 launched in 2022 was the first ever Oracle-less lending protocol in DeFi — it cemented our vision that it is possible to build a generalized AMM that can serve mid to long tail assets while being secure from oracle manipulation attacks. Timeswap V2 further cemented this vision and introduced many new innovations and is our main product today serving 30,000+ users, 150M+ volume and peak TVL of $15M+ and having successfully deployed on over 10+ chains. We’ve since distributed over $1M+ grants from Arbitrum, Mantle, Optimism and Polygon to our users as rewards.
Timswap V3 will be the end game for capturing the time value of any asset. We started research into our design in early 2023 and are happy to announce the mechanism design is fully complete and development is expected to begin very soon. More info on V3 design will be shared via a blog in next few days.
As we look ahead to the next phase of Timeswap’s journey, we are thrilled to announce the upcoming launch of the TIME token. This milestone is not just another chapter in our story — it’s a pivotal step towards decentralizing our protocol, rewarding our community, and accelerating our collective growth.
TIME Tokenomics
- Total Supply($TIME) : 1,750,000,000
- Initial Float (20%): airdrop 10% + community round 10%
- Exchange: Hyperliquid Spot
- Community (50%): This allocation is meant to reward protocol users through incentives like liquidity mining, ecosystem grants, community-building initiatives, and other growth-oriented activities.
- 10% is reserved for discounted community round via Fjord Foundry
- 10% is reserved for retroactive rewards of which ~3.6% is for pre-mine and balance 6.4% is for airdrop
- Initial circulating supply on TGE will only include the above 20%
- Balance 30% is towards future emissions — liquidity mining, ecosystem growth, grants etc with maximum of 10% unlocked each year subject to change via governance - Team (20%): [cliff 12 months, 36 months vesting] This portion is reserved for the core team and contributors, ensuring long-term alignment with the protocol’s success and incentivizing sustained development and innovation.
- Investors (15%): [cliff 6 months, 24 months vesting] Allocated to strategic investors who have supported Timeswap in its early and scaling stages, helping to fund development and growth efforts.
- Treasury (15%): Reserved for future use, including ecosystem development, liquidity provisioning / market making, marketing, audits, operational costs, and ensuring the protocol’s financial stability.
Community Round & TGE
We deeply value the Time Traveler community who have been with us for almost 4 years. In addition to the 10% tokens reserved for retroactive rewards, we will also be doing a community round on Fjord Foundry at a significant discount to our last VC round — exclusively for our existing users, partner communities and hyperliquid communities who have helped us reach where we are today. The fjord foundry sale is being curated by HypurrCo. In line with the HYPE airdrop and ethos of being community first, we strongly believe in giving our community an opportunity to capture significant upside in the token. More information on the sale will be communicated via a separate blog in the next few days, stay tuned!
