Fixed supply. Fees to lockers.
$BHF launches after the exchange has run. These are the numbers the launch contracts use. No price, value or launch date is promised, and until the launch is announced on our official channels, any “BHF” you see trading is not ours.
Fixed supply, minted once. The contract has no owner and no mint function.
BHF for Season 0 points: 10% of the supply, locked or half liquid, your choice.
Treasury share of protocol fees after the launch, capped in code (20% by default).
Of what is left in the emissions reserve. Nothing new is minted.
Where the 1,000,000,000 BHF go
Split once, at the launch, by the launch script. Tap a slice for its rule.
10% of $BHF for liquidity providers
100,000,000 BHF are split among everyone with Season 0 points, in proportion to their points. Points come from liquidity kept in range, not from trading volume.
Add liquidity to any of our markets and keep it in range.
In-range value ÷ 24 per hour, using the smallest amount you held that hour. Referrals add 10%.
The list of everyone's share of the 100,000,000 BHF and its Merkle root are published from on-chain data.
All of it locked until 52 weeks after the launch (votes and lockers' rewards from week one), or half of it liquid, released evenly over 26 weeks.
Fair by design. A position counts at most twice its USDG side, so a price pushed up in a thin market earns nothing extra; adding for a few minutes earns nothing; splitting over many wallets earns nothing extra.
Open to check. Points are computed from public on-chain data every hour; the final list and its root are published before the launch.
No team share. Team wallets earn no points. Unclaimed BHF goes back to the emissions reserve after 26 weeks.
What becomes available, and when
Cumulative share of the supply released by the contracts' own schedules, month by month after the launch.
Not shown: the treasury reserve (16%, spent only through public 24-hour proposals) and ecosystem partners (5%, disclosed deals, locked). Emissions slow down as the reserve shrinks, and $BHF the treasury buys back and returns to the reserve stretches them further. Released is not the same as sold: most of the airdrop is expected as locks; liquid claims (half the amount) arrive evenly over the first 26 weeks and are not shown separately.
Where the fees go
Liquidity providers keep their whole LP fee. The protocol fee is the revenue lockers share in.
Lock longer, vote louder
- Lock $BHF from 1 week to 2 years. Voting power is the amount times the time left, out of 2 years, and falls as the lock runs down.
- Votes decide where each week's emissions go. Voters receive the protocol fees and incentives of the markets they vote for.
- Lockers also receive part of every week's emissions, so locking is never diluted.
- A lock is an NFT: it can be extended or topped up, not withdrawn early.