> For the complete documentation index, see [llms.txt](https://docs.pembrock.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pembrock.finance/tokenomics.md).

# Tokenomics

## PembRock Token

**Token name:** PembRock Finance Token \
**Token ticker:** PEM \
**Total supply:** 160 000 000 PEM \
**Blockchain:** NEAR Protocol \
**Contract address:** [token.pembrock.near](https://explorer.near.org/accounts/token.pembrock.near)

PEM is the native token that helps PembRock Finance to function. It is used:

* To stake within the PembRock Finance ecosystem — with rewards paid out in PEM.
* As a part of our reward mechanism for interacting with our protocol.
* As an additional bonus for those who provide funds to our liquidity pools.
* For DAO participation — users can stake [PEM](https://www.coingecko.com/en/coins/pembrock) to receive vePEM, our governance token.

***All fees are collected as profit and are distributed among PEM holders who have staked in our protocol!***

### **How our protocol collects fees**

* Farmers are charged 10% of their yield farming rewards.
* Lenders are charged 10% of their borrowing profit.
* Every time a position is liquidated, 5% of the position’s value is paid as a fee.

![](/files/kUpyRvJ5n9fZpVTnZGNr)

![](/files/E5t4FuTTacHMx4SkA169)

<table data-header-hidden><thead><tr><th></th><th width="150"></th><th></th></tr></thead><tbody><tr><td></td><td><em><strong>Allocation</strong></em></td><td><em><strong>Vesting</strong></em></td></tr><tr><td>DAO Balance for future projects</td><td>40%</td><td>120-month linear unlock (unlock from April 2023)</td></tr><tr><td>IDO</td><td>5%</td><td> 9-month linear unlock (depending on the platform)</td></tr><tr><td>Community Treasury</td><td>15%</td><td>60-month linear unlock</td></tr><tr><td>Long term investors</td><td>16,25%</td><td>24-month lockup (linear unlock starts from buying date)<br>12-month lockup (linear unlock starts after 12 months from the purchase date)</td></tr><tr><td>PembRock Labs Incentives</td><td>12.5%</td><td>48-month linear unlock (unlocked for development from February 2023)</td></tr><tr><td>LP incentivization program</td><td>7,5%</td><td>6-month linear unlock</td></tr><tr><td>Early PEM contributors &#x26; NEAR Ecosystem</td><td>2,25%</td><td><p><em>Early PEM contributors</em> - 12-month linear unlock (unlock from April 2023) <em>Advisors incentivisation</em> - 12-month linear unlock (unlock from February 2023) </p><p><em>NEAR Ecosystem</em> - 6-month linear unlock (unlock from April 2023)</p></td></tr><tr><td>Initial LP on DEX's</td><td>1,5%</td><td>no vesting period</td></tr></tbody></table>