# ERIS Token

The Eris Token (ERS) serves as the native utility token of the Eris ecosystem on the Metis blockchain. Designed to empower users and facilitate seamless interactions within the platform, ERS plays a pivotal role in governing the protocol, incentivizing participation, and enabling value transfer.

## Utility and Functionality

As the lifeblood of Eris Protocol, the ERS token offers a myriad of utilities and functionalities:

* Fee Settlement: A portion of the fees generated by Eris Protocol transactions is distributed among ERS token stakers and lockers. ERS stakers receive protocol fees, ERS lockers receive protocol fees as well as exit penalties from users who exit their vests early.
* Liquidity Mining: Liquidity providers receive ERS tokens as rewards for supplying assets to the liquidity pool, while borrowers may receive incentives for maintaining collateral ratios.
* Governance: ERS token holders possess voting power, allowing them to participate in the decentralized governance of the protocol. Through governance proposals and voting mechanisms, token holders can shape the future direction of Eris Protocol, including parameter adjustments, fee structures, and protocol upgrades.

## Tokenomics

**ERS has a total supply of 1,000,000,000 tokens.**

* Protocol Owned Liquidity : 6% 
* Advisor : 4%
* Partnership : 10%
* Liquidity mining  : 20%
* Core-Contributors : 15%
* Seed : 24%
* Bug Bounty: 2%
* Ecosystem: 4%
* Airdrop: 5%
* CEX-LISTING: 10%

#### Emissions

Emissions from liquidity mining will be released over 5 years, with decreasing emissions each month. This gradual reduction ensures a sustainable and balanced approach to incentivizing liquidity provision over the long term. 

Following this formula : **20 000 000 / 1.0402894 ^ n** (n for the number of month since launch) 

The rewards for lenders & borrowers must undergo a 2-month vesting period. Opting for immediate reward claiming incurs a 50% penalty. Users forfeit half their rewards, with this portion redistributed to those who have locked their $ERS in the Staking Pool.

#### Token Unlock Schedule

<figure><img src="/files/w2i59V4qKfv1nZg3eYKd" alt=""><figcaption></figcaption></figure>

Each category has the following vests :

* Protocol Owned Liquidity : unlock upfront
* Advisor : 12 months linear vest.
* Partnership : 3 months cliff + 12 months linear vest
* Liquidity mining : released over 5 years decreasing each month
* Launchpad : TGE 100%&#x20;
* Teams : 3 months cliff + 36 months linear vest&#x20;
* Pool incentives : TGE 10% + 32 months linear vest
* Seed : TGE 10% & 12 months linear vest.
* Strategic Round\* : 12 months linear vest
* Kol's Round : TGE 30% + 1 month cliff + 12 months linear vest

*\*Investors should deposit 50% of their invested amount lending on Eris.*


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.eris-finance.com/protocol-details/eris-token.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.