EYE is the utility & governance token for MorgothDAO, and the Behodler ecosystem.
In MorgothDAO, it will be leveraged via game theory to address governance such as a dispute resolution system similar to Kleros.
In Limbo, EYE can also be used to subtlety adjust staking reward APYs. In keeping with the ethos of everything in the Behodler ecosystem, Eye is burnable and deflationary.
EYE was launched in September 2020 with an initial fixed supply of 10 million tokens.
- 30% of the supply was airdropped to DGVC/ETH LPs
- 30% was held by Justin Goro and Degen Labs - split as following
- one-third held in a multi-sig wallet
- two-thirds time locked in Unicrypt
- 40% reserved to incentivize Liquidity Queuing
During December 2020 100,000 EYE was airdropped to existing Uniswap EYE/ETH LPs