# 💰CAMEL Info

## What is a CAMEL token?

CAMEL is the governance token of camel protocol, which follows the ERC-20 standard. It will also capture the economic benefits of the protocol. There will be a total of **200 million** CAMEL tokens.

* **Ticker: CAMEL**
* **Contract Address:** [0x3240c866A2445bA903C6B0738cB5Ad0C4Bf47Ca4](https://polygonscan.com/token/0x3240c866A2445bA903C6B0738cB5Ad0C4Bf47Ca4)
* **Chain: Polygon (ERC20)**

## CAMEL distribution

CAMEL token will be released over 4 years with a decaying schedule, and the distribution describes as follows:

![](https://1226653335-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MfqIxqwxFnQh-iqYG8x%2F-MhOJWYmZNSUqB1dATRR%2F-MhOKPmr5YyX3OV9wuMt%2Fimage.png?alt=media\&token=11ddfac8-4ba7-4dc0-949e-254a73cd650e)

1. Fair Launch: 60% of the token supply will be allocated for liquidity mining of CAMEL token, it is released with the chart below. You can see the pool allocation [here](https://camelfi.gitbook.io/camel-finance/tokenomics/camel-info/fair-launch-program).
2. Development Fund: 15% of the token supply will be allocated for the core development team. It is released with the chart below.
3. Warchest Fund: 10% of the token supply will be reserved for future strategic expenses.&#x20;
4. Future Investor: 10% of the token supply will be reserved for future investors in subsequent funding rounds.
5. Insurance fund: 5% of the token supply is used for [insurance](https://camelfi.gitbook.io/camel-finance/governance/insurance-fund-for-users).

Note: all CAMEL tokens are pre-mined and will be locked in corresponding smart contracts. For more details, see [here](https://camelfi.gitbook.io/camel-finance/tokenomics/camel-info/circulating-supply).

Token unlock chart, and the weight is adjusted every 3 months, here is the percentage per season:

![](https://1226653335-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MfqIxqwxFnQh-iqYG8x%2F-MhORa-E8mQbBwx_l4PW%2F-MhOS93AwOgTCqWJvohM%2Fimage.png?alt=media\&token=e8adba5f-e516-4456-97e3-c40ed7d75e0a)

The table below describes the details of the token release schedule:

| Token Release Percentage | **Fair Launch Tokens** | **Team Tokens** |
| ------------------------ | ---------------------- | --------------- |
| 15%                      | 18000000               | 4500000         |
| 7.5%                     | 9000000                | 2250000         |
| 7.24%                    | 8688000                | 2172000         |
| 6.98%                    | 8376000                | 2094000         |
| 6.71%                    | 8052000                | 2013000         |
| 6.45%                    | 7740000                | 1935000         |
| 6.19%                    | 7428000                | 1857000         |
| 5.93%                    | 7116000                | 1779000         |
| 5.67%                    | 6804000                | 1701000         |
| 5.4%                     | 6480000                | 1620000         |
| 5.14%                    | 6168000                | 1542000         |
| 4.88%                    | 5856000                | 1464000         |
| 4.62%                    | 5544000                | 1386000         |
| 4.36%                    | 5232000                | 1308000         |
| 4.1%                     | 4920000                | 1230000         |
| 3.83%                    | 4596000                | 1149000         |

## **Token Utility**

### **Protocol Governance**

To participate in Governance, one needs to lock their CAMEL token to gain veCamel as voting power. CAMEL can be locked for up to 4 years. The number of veCamel you receive depends on the time you lock your CAMEL for. The minimum locking time is 1 week, and for every CAMEL locked, veCamel increases linearly from 0 to 1 as you increase your locking time from 0 to 4 years.

For more details, see [here](https://camelfi.gitbook.io/camel-finance/tokenomics/vecamel-info).

### **Obtaining economic benefits**

Lenders can obtain interest returns and CAMEL rewards through deposits, and miners can obtain up to 9 times of farming income and CAMEL rewards by opening leveraged positions.

CAMEL holders can also lock their CAMEL token to gain veCamel to participate Weekly CAMEL Rebate. For more details, see [here](https://camelfi.gitbook.io/camel-finance/tokenomics/vecamel-info).

### Increase leverage for leverage farming

Miners can increase their leverage by holding CAMEL tokens. The higher CAMEL a user holds, the higher leverage he/she can use:

| **Camel amount a user holds** | **Leverage**                                                                           |
| ----------------------------- | -------------------------------------------------------------------------------------- |
| \[0,200]                      | <p>Default maximum leverage is 2x-9x, </p><p>which is different between the pools.</p> |
| \[200, 2000]                  | Default \* 1.2                                                                         |
| \[2000, 20 000]               | Default \* 1.3                                                                         |
| \[20 000, 200 000]            | Default \* 1.4                                                                         |
| \[2 000 000, more]            | Default \* 1.5                                                                         |

We will launch this soon after the CAMEL token launching.

### **An increase in the value of CAMEL brought about by continued repurchase and deflation**

Camel Finance will continue to invest platform revenue for CAMEL repurchase and destruction, which will achieve a deflation of the supply of CAMEL and allow participants to share the benefits of platform growth.

For more details, see [here](https://camelfi.gitbook.io/camel-finance/tokenomics/camel-info/proof-of-burn).
