Core concepts
Tokenomics & Emissions
Distribution
Below is the initial distribution of RAM.
Breakdown
| Category | % of Initial Supply | Amount |
|---|---|---|
| Ramses Community (veRAM) | 45% | 157,500,000 |
| Hyperliquid Community | 30% | 105,000,000 |
| ↳ NFT Airdrop — Hypurr, Hypios, Catbal NFTs, and PiP | 20% | 70,000,000 |
| ↳ Incentives | 10% | 35,000,000 |
| ↳ RXP | 3% | 10,500,000 |
| ↳ Liquidity and Vote Incentives | 7% | 24,500,000 |
| Treasury | 23% | 80,500,000 |
| POL | 2% | 7,000,000 |
| Initial Supply | -- | 350,000,000 |
All allocations are in xRAM except for POL.
Emissions
Below is an illustrative projection of the baseline weekly emission schedule (before elastic emissions) and supply for the first 500 Epochs (~10 years). The burn scenario assumes all emitted RAM is converted to xRAM and, as with every RAM → xRAM conversion, 50% of the converted RAM is burned. Actual burns depend on how much RAM is converted.
Emissions vs. Supply
- Initial supply: 350M tokens
- Purple dashed line shows gross supply: initial supply plus emissions before burns
- Filled supply area shows net supply after subtracting burns under the illustrated conversion assumption
- Red line shows cumulative burns under that same assumption
- Epoch 0: 7M weekly emissions
- Epoch 1: 12.5% decrease
- Epoch 2: 15% decrease
- Epoch 3+: 1% decay per epoch in perpetuity without intervention
Elastic Emissions
Emissions can be modified by up to ±25% per epoch depending on protocol revenue to maintain sustainable inflation. 100% of ALL emissions go to gauges—there are no team allocations or other distributions, ensuring fully decentralized emissions.
When Revenue is >= Emissions for multiple epochs in a row, or if upcoming catalysts for revenue increase are soon coming.
When Revenue is <= Emissions substantially for multiple epochs in a row, or if upcoming catalysts for revenue decrease are expected.
Note: These are approximate projections and actual emission numbers may vary. This model demonstrates our commitment to sustainable, long-term supply growth.
Multichain Token Architecture
Ramses plans for RAM to exist canonically on Ethereum Mainnet and extend to other chains using an OFT (Omnichain Fungible Token) model powered by LayerZero. This architecture is a work in progress and is not yet deployed.
Canonical RAM
| Property | Details |
|---|---|
| Native Chain | Planned for Ethereum Mainnet |
| Bridge Technology | Planned LayerZero OFT |
| Cross-chain Transfers | Planned transfers via an OFT adapter |
| Supply Management | Intended single canonical supply |
Once deployed, this architecture is intended to keep RAM as a single canonical asset with shared supply accounting across deployments. Trading liquidity will remain local to each chain.
How OFT Works
The planned architecture will use the following components:
| Component | Function |
|---|---|
| Canonical RAM | Planned native token on Ethereum and source of truth for total supply |
| OFT Adapter | Will coordinate cross-chain transfers via LayerZero |
| Lockbox | Will hold canonical RAM on Ethereum when RAM moves to a remote chain |
| RamsesOFT | Planned chain-specific RAM representation backed by canonical RAM |
Once deployed, canonical-to-remote transfers will lock RAM and mint the remote representation; remote transfers will burn the source representation before minting or unlocking the destination asset. These operations are intended to preserve one shared total supply.