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Distribution
Learn more about the decentralisation of governance on Euler through the EUL Distribution Programme

Implied Inflation

The EUL distribution is higher in the first two years of the protocol’s launch to hand increased vote weight to those individuals who will play the largest role in shaping its growth and development. The implied annual inflation (as a percentage of total supply) is shown in Figure 1.
The schedule begins with ~3% annual inflation and changes gradually over time, increasing to a peak of around ~14% after 1.5 years of launch, before tending towards a steady state of 2.718% by 4 years (see Figure 1).
Figure 1 | EUL Distribution Inflation

Schedule Details

Governance tokens are distributed to using 100,000 block epoch cycles. Each epoch lasts a little over two weeks. The amount of EUL distributed each epoch has been determined in advance according to a non-linear schedule. The amount distributed is shown in Table 1.
Table 1 | EUL Distribution Schedule by Epoch.
Epoch
Block
Length (blocks)
Length (weeks)
EUL distribution
1
Coming soon
100000
2.2
34,805.05
2
Coming soon
200000
4.4
35,609.52
3
Coming soon
300000
6.5
36,520.39
4
Coming soon
400000
8.7
37,550.76
5
Coming soon
500000
10.9
38,715.10
6
Coming soon
600000
13.1
40,029.20
7
Coming soon
700000
15.3
41,510.31
8
Coming soon
800000
17.5
43,177.03
9
Coming soon
900000
19.6
45,049.29
10
Coming soon
1000000
21.8
47,148.19
11
Coming soon
1100000
24.0
49,495.77
12
Coming soon
1200000
26.2
52,114.66
13
Coming soon
1300000
28.4
55,027.59
14
Coming soon
1400000
30.6
58,256.72
15
Coming soon
1500000
32.7
61,822.78
16
Coming soon
1600000
34.9
65,743.98
17
Coming soon
1700000
37.1
70,034.68
18
Coming soon
1800000
39.3
74,703.79
19
Coming soon
1900000
41.5
79,752.94
20
Coming soon
2000000
43.7
85,174.43
21
Coming soon
2100000
45.8
90,949.08
22
Coming soon
2200000
48.0
97,044.03
23
Coming soon
2300000
50.2
103,410.70
24
Coming soon
2400000
52.4
109,983.12
25
Coming soon
2500000
54.6
116,676.90
26
Coming soon
2600000
56.7
123,389.12
27
Coming soon
2700000
58.9
129,999.35
28
Coming soon
2800000
61.1
136,372.20
29
Coming soon
2900000
63.3
142,361.37
30
Coming soon
3000000
65.5
147,815.26
31
Coming soon
3100000
67.7
152,583.97
32
Coming soon
3200000
69.8
156,527.16
33
Coming soon
3300000
72.0
159,522.27
34
Coming soon
3400000
74.2
161,472.26
35
Coming soon
3500000
76.4
162,312.13
36
Coming soon
3600000
78.6
162,013.43
37
Coming soon
3700000
80.8
160,586.32
38
Coming soon
3800000
82.9
158,078.80
39
Coming soon
3900000
85.1
154,573.35
40
Coming soon
4000000
87.3
150,181.29
41
Coming soon
4100000
89.5
145,035.49
42
Coming soon
4200000
91.7
139,282.33
43
Coming soon
4300000
93.8
133,073.53
44
Coming soon
4400000
96.0
126,558.71
45
Coming soon
4500000
98.2
119,879.07
46
Coming soon
4600000
100.4
113,162.55
47
Coming soon
4700000
102.6
106,520.64
48
Coming soon
4800000
104.8
100,046.62
49
Coming soon
4900000
106.9
93,815.14
50
Coming soon
5000000
109.1
87,882.89
51
Coming soon
5100000
111.3
82,289.99
52
Coming soon
5200000
113.5
77,061.86
53
Coming soon
5300000
115.7
72,211.39
54
Coming soon
5400000
117.9
67,741.14
55
Coming soon
5500000
120.0
63,645.42
56
Coming soon
5600000
122.2
59,912.25
57
Coming soon
5700000
124.4
56,525.07
58
Coming soon
5800000
126.6
53,464.22
59
Coming soon
5900000
128.8
50,708.07
60
Coming soon
6000000
131.0
48,234.09
61
Coming soon
6100000
133.1
46,019.52
62
Coming soon
6200000
135.3
44,042.00
63
Coming soon
6300000
137.5
42,279.93
64
Coming soon
6400000
139.7
40,712.81
65
Coming soon
6500000
141.9
39,321.38
66
Coming soon
6600000
144.0
38,087.76
67
Coming soon
6700000
146.2
36,995.46
68
Coming soon
6800000
148.4
36,029.38
69
Coming soon
6900000
150.6
35,175.78
70
Coming soon
7000000
152.8
34,422.23
71
Coming soon
7100000
155.0
33,757.51
72
Coming soon
7200000
157.1
33,171.54
73
Coming soon
7300000
159.3
32,655.30
74
Coming soon
7400000
161.5
32,200.74
75
Coming soon
7500000
163.7
31,800.65
76
Coming soon
7600000
165.9
31,448.67
77
Coming soon
7700000
168.1
31,139.10
78
Coming soon
7800000
170.2
30,866.93
79
Coming soon
7900000
172.4
30,627.70
80
Coming soon
8000000
174.6
30,417.48
81
Coming soon
8100000
176.8
30,232.78
82
Coming soon
8200000
179.0
30,070.54
83
Coming soon
8300000
181.2
29,928.05
84
Coming soon
8400000
183.3
29,802.93
85
Coming soon
8500000
185.5
29,693.06
86
Coming soon
8600000
187.7
29,596.60
87
Coming soon
8700000
189.9
29,511.93
88
Coming soon
8800000
192.1
29,437.60
89
Coming soon
8900000
194.2
29,372.36
90
Coming soon
9000000
196.4
29,315.11
91
Coming soon
9100000
198.6
29,264.86
92
Coming soon
9200000
200.8
29,220.76
93
Coming soon
9300000
203.0
29,182.06
94
Coming soon
9400000
205.2
29,148.10
95
Coming soon
9500000
207.3
29,118.31
96
Coming soon
9600000
209.5
16,492.91
Last modified 1mo ago
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