Unipilot V2
  • Unipilot
    • Introduction
    • Concentrated Liquidity
    • Our Goal
  • The Pilot Protocol
    • Unipilot Vaults
    • Unipilot Liquidity Management (ULM)
      • Actively-managed vaults
      • Community vaults
    • Auto Compounding
    • Unipilot Treasury
    • Staking
    • Providing liquidity via Unipilot
    • Range Prediction & Strategy
    • Contracts / Addresses
    • Unipilot Factory Contracts
    • Unipilot Strategy Contracts
    • PILOT Token
  • Features
    • Cross-chain Support
      • Polygon Update
        • Multiple Strategies
        • Rebalance Threshold
    • Universal Support
  • Community
    • Bug bounty
    • Governance
    • Our Socials
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  1. The Pilot Protocol

PILOT Token

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Last updated 2 years ago

  • The PILOT token launched in July 2021 with a total supply of 20m tokens and ~7.5% of supply in circulation. The rest is .

  • In October 2021 we launched the . With this, we started to burn PILOT tokens each quarter as they are unlocked from the vesting contract. This scheme is designed to benefit our community of token holders.

  • Overall, the scheme will lead to 78% of the total supply being burned, leaving only 4.4m tokens. These 4.4m tokens will not necessarily ever enter circulating supply, and there may be additional burns in the future.

Token Utility

  • In June 2022 we . This allows you to the PILOT token on the Unipilot dApp to earn a share of protocol revenue paid in ETH.

  • These rewards are not inflationary. The Unipilot protocol takes a cut of fees earned on the protocol, and 40% of this revenue is shared with PILOT stakers, with the remainder used to cover protocol expenses, helping us to limit PILOT inflation.

locked in vesting contracts
PILOT burn program
launched PILOT staking
stake