SVG (Self-Valued Governance) is the governance token of the SVT Protocol. It is an ERC20 token with built-in voting capabilities, giving holders a direct say in how the protocol is governed. All protocol decisions, from parameter adjustments to treasury management, are made by SVG token holders through the DAO.
Distribution
The total SVG supply is split into three allocations:
- 55% — DAO treasury, released in 8 steps over 4 years
- 25% — Community airdrop for early protocol participants
- 20% — Founder allocation
The total supply is not fixed in advance. It scales with the number of airdrop claimants: each claimant receives 250,000 SVG, and all other allocations are calculated proportionally. For example, if 100 people claim, the community allocation is 25 million SVG, the founder allocation is 20 million, and the DAO treasury receives 55 million, for a total supply of 100 million SVG. This guarantees the founder is always a minority party, and that his influence will diminish over time.
Voting Power
Holding SVG tokens alone is not enough to vote. Given how token voting contracts work, you must delegate your voting power to vote: either to yourself (to vote directly), or to another address you trust to vote on your behalf. Without delegation, your tokens carry no voting weight.
Once you claim your airdrop, you're automatically self-delegated, so all participants have full voting power without need for action. All aidroppped SVGs count as voting power, both vested and unvested. Users maintain the same voting power regardless of vesting schedule.
Votes are cast as For, Against, or Abstain. A proposal passes when it receives more For than Against votes and meets the quorum threshold.
Vesting
Community and Founder Tokens
Both community and founder allocations follow a linear vesting schedule over 4 years, starting from the moment the airdrop closes. Tokens then start releasing gradually over time, and become available to withdraw to your wallet at any point.
DAO Treasury
The DAO's 55% allocation vests in 8 discrete steps, approximately every 6 months (26 weeks), over 4 years. Each step releases one-eighth of the total DAO allocation. Only the DAO (through governance proposals) can decide how to use these released tokens.
Future Airdrops
The DAO treasury is intended to fund ongoing community distributions. Every ~6 months, a new batch of DAO treasury tokens becomes available. The community votes on how to allocate each batch, whether through further airdrops to protocol participants, grants, or other initiatives. This creates a recurring cycle of token distribution driven by community governance.
Learn more: Airdrop for how to claim your SVG tokens | Community Governance for how protocol decisions are made