BUNNI

BUNNI is the native token of the Bunni protocol.

The total supply of BUNNI is 1,000,000,000 and the distribution is defined below. Previously, LIT was used as the native token of the Bunni protocol. Following the approval of TIP-009, LIT will be depreciated in favor of BUNNI. For more information on how LIT was originally distributed, please refer to the documentation of Bunni v1.

LIT Migration

Following the approval of TIP-009, LIT will be convertable to BUNNI at a 1:1 ratio indefinitely. Token migration is available exclusively on Ethereum Mainnet and is facilitated through the swap interface on the Bunni app (https://bunni.xyz/swap). More advanced users can interact with the TokenMigrator contract directly.

Roughly 650,962,454 BUNNI has been sent to the TokenMigrator contract to match the total circulating supply of LIT at the time of writing. This amount does not account for any oLIT that has not yet been claimed or exercised. Additional BUNNI will be sent from the Governance Treasury to the TokenMigrator contract as needed to account for this discrepancy.

veBUNNI Airdrop

Following the approval of TIP-009, a veBUNNI airdrop was approved for various stakeholders within the Bunni ecosystem. Users can claim their airdrop on Ethereum Mainnet via the claim interface on the Bunni app (https://bunni.xyz/airdrop). Additional details about the airdrop can be found here.

Roughly 159,374,055 BUNNI has been sent to the veAirdrop contract. Once the airdrop claim period has ended, any unclaimed BUNNI will be withdrawn from the veAidrop contract to the Governance Treasury.

Treasury Allocation

Any remaining BUNNI not allocated to the LIT Migration or veBUNNI Airdrop will be held in the Governance Treasury. The approval of TIP-009 granted the use of 25,000,000 BUNNI to be used as liquidity incentives in the first 3 months after the launch of Bunni v2. Any additional use of BUNNI tokens held in the treasury will be at the discretion of veBUNNI governance.