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ROP

ROP is the platform token of Rollup.Finance, with a maximum supply of 150 million and an initial fixed supply of 100 million. The maximum supply of ROP depends on the Risk Protection Fund. When the Risk Protection Fund is triggered, ROP will be minted, with a maximum minting quantity of 50 million.

Overview

  • Ticker - ROP
  • Initial Supply - 100,000,000 ROP
  • Maximum Supply - 150,000,000 ROP - Should never be reached. The minting of 50,000,000 ROP depends on the Risk Protection Fund.
The contract of the ROP token is NOT yet been created. Please follow the official updates and beware of scams!

Allocation

Protocol Incentives - 72,500,000 ROP

The tokens will be allocated for Rollup.Finance's protocol incentives, which will be distributed to users through retroactive airdrops, RLP& RUSD incentives, trader incentives, and ROP staking.

Team and core contributors - 20,000,000 ROP

The release of ROP for the team and core contributors is 800,000 per month, which takes 25 months to complete the unlocking process.

Protocol Development Fund - 7,500,000 ROP

Used for initiatives that benefit the development of the protocol, such as Market promotion, Toke listing, ecosystem cooperation, and social welfare and etc.

Risk Protection Fund- 50,000,000 ROP

Activated when the price of RUSD falls below 1 USD. ROP will be minted and sold in exchange for USDC to maintain the RUSD price at or above 1 USD. The maximum minting quantity of ROP is 50,000,000.

Protocol Revenue Distribution

Fee Distribution

RLP Perpetual Trading

13% for ROP staker;55% for RLP incentives; 32% for team, transaction rebate and others;

RUSD Perpetual Trading

18% for ROP staker,13% for ROP buyback and burn;23% for RUSD incentives;46% for team, referral transaction rebate and others;
Fees from the RLP and RUSD trading will be distributed every Wednesday.

RLP&RUSD Profit Distribution

  • In RLP Perpetual Trading, when the RLP price is above 1.1 USD, 10% of RLP profits will be used for ROP buyback and burn, while 90% is allocated to RLP holders.
  • In RUSD Perpetual Trading, profit distribution is as follows:
-- When 1 USD < RUSD price ≤ 1.1 USD, 75% goes to the buffer, 5% is used for ROP buyback and burn, and 20% is allocated to RUSD.
-- When 1.1 USD < RUSD price ≤ 1.3 USD, 80% goes to the buffer, 8% is used for ROP buyback and burn, and 12% is allocated to RUSD LP.
-- When the RUSD price is above 1.3 USD, 85% goes to the buffer, 10% is used for ROP buyback and burn, and 5% is allocated to RUSD.
When ROP is not yet launched, fees attributed to ROP stakers and ROP buyback and burn are temporarily allocated to the team.
Profits from RLP and RUSD are distributed in real-time and reflected in the RLP & RUSD prices.

Risk Protection Mechanism

The Risk Protection Mechanism is a variety of ways the platform stabilizes the RUSD price to reduce the risk of high liquidity providers and create a better trading experience for traders.

1. Buffer

Buffer comes from the profit of RUSD liquidity pool:
--When the trader is profitable, priority is given to using the buffer to pay the trader's profit;
--When buffer runs out and RUSD price > 1USD, use funds from RUSD pool to pay trader's profit.

2. Risk Protection Fund

When the buffer runs out and the RUSD price < 1 USD, the ROP will be minted and sold through the OTC with zero slippage, zero fee in exchange for USDC to ensure RUSD price ≥ 1 USD. The maximum number of ROP will not exceed 50 million.
During the early stages of the protocol, before the issuance of ROP, if the RUSD price falls below 1 USD, the team will stabilize the RUSD price with their own finance.