Alluo Explained
  • Welcome
    • 🧭 The Basics
  • Getting Started
    • πŸ’» The DeFi Web App
      • ❓ Connecting to the app
      • 🚜 Depositing into the farms
      • πŸ™Œ Other basics
      • 🏦 Importing your Mobile app wallet to Metamask
      • 🧬 Add the polygon network manually in Metamask.
      • ⛓️ Bridging Stablecoins from another chain
    • πŸ“±The Mobile app
      • πŸ—οΈ Setting up your account
      • 🏦 Depositing money into the app
      • πŸ™Œ Other basics
      • πŸ” Exporting your private key
    • πŸ“–Tech deep dive: Contract Address Library
  • Understanding Alluo
    • πŸ’΅ How does Alluo get the yield?
      • 🐰 Going deeper into the Alluo protocol rabbit hole
    • 🧐 FAQ
  • Tokens & Tokenomics
    • πŸͺ™ The tokens
    • πŸ‘¨β€πŸ”¬Tech deep dive: Interest Bearing {asset} token
      • Depositing
      • Withdrawals
      • IbAlluo on different chains
      • StIbAlluo and Superfluid
        • A closer look at the integration between IbAlluo and StIbAlluo
      • Using the IbAlluo contract directly to create streams
      • Liquidity Handler and adapters
        • Deposit process with the Liquidity Handler
        • Withdraw process with the Liquidity Handler
    • πŸ“ˆ Tokenomics
    • πŸ‘¨β€πŸ”¬Tech deep dive: Boosting yield by compounding rewards
      • Deposit into the Vault
      • Withdraw from the Vault
      • Redeem rewards
      • Automatic boosting with Alluo
      • FraxConvex Vaults
      • Managing withdrawal requests in IERC4626
  • Decentralisation and Trust
    • πŸ—³οΈ Trustless governance and execution
    • πŸ‘¨β€πŸ”¬Tech deep dive: Vote Executor Architecture
      • Off chain votes to on chain data
      • Onchain data verifcation
      • Automated execution of votes
        • Tokenomics
        • Liquidity Direction
        • Setting APYs on farms
      • Cross chain execution of votes
      • Manually submitting vote results onchain
    • ↔️Alluo Exchange
      • Interacting with the Exchange
    • vlAlluo Architecture
    • Contracts upgrades
    • Investment strategies
      • πŸ“ˆFrax Convex Finance
        • Adding new pools into the strategy
        • Investing into a pool
  • More Advanced Features
    • πŸ” Repeat payments, streaming IbAlluo
  • Product Updates
    • πŸ‘Œ Product Roadmap: Building the right products
    • πŸ’» Web App releases
    • πŸ“± Mobile App releases
    • 🏎️ Alluo Boost
  • tutorial projects
    • Example: USDC to streaming 1 IbAlluo per second
    • Example: Using IbAlluoUSD and Ricochet to do capital efficient DCA into ETH
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On this page
  • $ALLUO (and vlALLUO)
  • IBAlluoxxx
  • StIBAlluoxxx
  1. Tokens & Tokenomics

πŸͺ™ The tokens

This page summarises the key tokens in the Alluo ecosystem and what they mean

Previous🧐 FAQNextTech deep dive: Interest Bearing {asset} token

Last updated 2 years ago

$ALLUO (and vlALLUO)

This is our main token. $ALLUO holders are able to stake their $ALLUO tokens and receive vlALLUO in return. This follows the tried and tested Token /voteLockedToken approach like convex () where tokens are locked in exchange for vlTokens (vl stands for votelocked) which allow stakers to receive votes and earn rewards. (see for more details)

By locking their tokens for a period of at least 1 week, vlAlluo holders also earn the spread between that given to depositors in the mobile and webb apps and the realised APY of those assets.

IBAlluoxxx

When depositing into the Alluo protocol, the user receives an IBAlluoXXX token denoting the receipt of this deposit (if the deposit is in the USD farm, then the user will receive IBAlluoUSD, if the deposit is in the EUR farm, IBAlluoEUR). For context, IB stands for β€œinterest-bearing” while the three letters at the end reference the currency being farmed

From there, the value of this IBAlluoXXX token grows at the rate equivalent to the APY that is voted on by the $ALLUO stakes as part of regular governance rounds (at the point of writing this is 7% per year for the USD farm).

StIBAlluoxxx

We have also created the ability to stream the interest bearing Alluo tokens to each other. The great thing about Interest-Bearing tokens is that the yield on these tokens continuously compounds up until the moment the user wants to convert them, for instance in USDC or USDT.

In effect, this means that as funds are being streamed from wallet A to wallet B, they continue to compound at a given APY and remain invested during the entire streaming process! You can find out more about streaming IBAlluo

convex
tokenomics page
here