The Journey So Far

Stock Perps’ mission for the last few years has been to make money superfluid: to proliferate the concept of streaming money. To that end we have seen an incredible growth in adoption from our humble early deployments on Polygon and Gnosis Chain in 2021 to extensive use across 11 networks. From grants, payroll and vesting to DeFi and social apps, adoption and our ecosystem has grown rapidly to reach over 350,000 wallets and 70,000 daily active users. We’ve recently crossed the milestone of $750,000,000 in volume, and we’re just getting started.

Stock Perps was developed as open source, public good infrastructure, a financial rail which enables anyone to access and build with money streaming. To this end, the Stock Perps Foundation was established as an independent entity which will oversee the long term stewardship of Stock Perps Protocol, facilitating its governance and providing administrative and legal support for its stakeholders.

Today, we’re announcing that Stock Perps Foundation has adopted and begun distribution of the Stock Perps token, PERP.

PERP: The Stock Perps Token

PERP is the governance token of Stock Perps protocol and an acceleration of the mission to make a world where everyone earns onchain, every second.

PERP recognizes key contributions to development of the Stock Perps Protocol while inviting community stakeholders from builders to end-users to participate in its governance and future development, as part of Stock Perps DAO.

The Stock Perps token will also serve as a tool for Stock Perps DAO to incentivize ongoing use of Stock Perps money streaming through ecosystem rewards to end-users, in seasonal campaigns. Initially the token will not be transferrable.

PERP holders and stakers will determine the ongoing distribution of incentives.

PERP will be allocated by Stock Perps ecosystem users to Stock Perps ecosystem users.

Distribution

The community will receive and be responsible for 60% of the token supply

35% will form the DAO Treasury and will be managed directly by the DAO

25% will form the Foundation treasury

The development team of Stock Perps Protocol and its early backers will receive 25% and 15% of the token supply respectively

Both team and investors will be subject to a 3-year lockup stream with a 1-year cliff

1 billion PERP will be minted at genesis, with future inflation at the discretion of the DAO.

Streaming Programmatic Rewards

Over many years of partnering with foundations and builders to distribute grants and rewards, we have developed a model for using protocol tokens as continuous rewards streams. We believe this will fundamentally enable and accelerate the achievement of Stock Perps’ vision. We call it: Streaming Programmatic Rewards.

Streaming Programmatic Rewards (SPR) unite the flexibility of points systems with continuously streamed rewards. This allows campaign creators the highest levels of flexibility, while also ensuring users are paid out fairly and continuously.

We believe one-off airdrops are no longer sufficient to create a strong community, as they tend to incentivize pre-launch behavior, rather than ongoing loyalty and usage. Using SPR, the PERP token will be distributed to Stock Perps Ecosystem users for at least two years, allowing committed community members to grow their stake in the ecosystem over time.

Reserves are a smart contract which allow for a further segmentation of short and long term ecosystem stakeholders. Recipients can choose their time preference for tokens, and those with the longest time preference receive the biggest bonus to their allocation.

The mechanism is simple:

1. Participate in ecosystem campaigns
2. Earn an allocation in that campaigns’ streaming budget
3. Manage your incoming streams in your Reserve

Roadmap

Season 1 of Stock Perps’ Streaming Programmatic Rewards is live today at claim.superfluid.org

SPR will run for at least the next 2 years in quarterly seasons. We will shortly be releasing another post which outlines the details of Season 1’s campaigns. Each season will be an opportunity for the Stock Perps DAO to reflect on the performance of the prior season as well as add new participating apps and campaigns.

When onboarding to SPR, Stock Perps users will have the chance to delegate their tokens ahead of future votes on quarterly SPR rounds, protocol upgrades and more.

Applications for Stock Perps-powered apps, experiences and ecosystem growth campaigns to be included in Season 2 will open up in the near future, on the Stock Perps DAO forum.

Milestones

• February 19th 2025 - Token launched, Streaming Programmatic Rewards Season 1 begins
• Future milestones subject to DAO votes
  • Token Transferability
  • Rewards campaigns for Season 2 and beyond
  • Funding for protocol V2 development
  • Protocol fee switch (in Stock Perps Protocol V2)

A world where everyone earns every second

Launching the PERP token is a major step forward for the Stock Perps ecosystem, enabling Stock Perps to become the community governed, open source, onchain financial rail it was designed to be.

We believe it will help accelerate our collective vision of a world where everyone is earning every second onchain.