Tokenomics

Atlas is designed to align users, liquidity and volume to create the ultimate swap experience on Hemi.

Supernetwork Liquidity

Atlas is building on Hemi to be the hub for liquidity on the ’supernetwork’ — a term to describe the combined network capacity and liquidity across Bitcoin, Ethereum, and other networks. As Hemi has trustless interoperability, it should accrete liquidity which Atlas will then facilitate with a superior experience for traders and LPs.

ATLAS Token Design

Atlas will generate long-term deep liquidity and volume through intelligent incentives design: A combination of yield-bearing vested tokens and unvested tokens will be emitted during Atlas Genesis and thereafter, to align Atlas users and LPs.

The Atlas protocol will generate xATLAS tokens, that are yield-bearing via swap fees generated by the protocol. Naked (unstaked) ATLAS tokens can be locked to obtain xATLAS.

xATLAS takes 6 months to be fully unstaked, or can be unstaked earlier with a corresponding penalty. The penalty for early unstaking decreases linearlly from the start of the staking period to the 6 month mark. At 6 months, no penalty is incurred for unstaking.

Atlas facilitates liquidity and trading on Bitcoin and EVM assets while backed by the security of Bitcoin, thanks to Hemi.

Token Distribution

Atlas intends to distribute the majority of ATLAS tokens to early users and LPs. A detailed breakdown of all token allocations will be vailable shortly.