$QUILL

What is $QUILL?

$QUILL is central to Quill’s governance and liquidity model, allowing users to participate in decision-making and earn rewards for contributing to the protocol.

DAO users inherently have a vested interest in the protocol’s success, since they are token holders. By distributing governance power, Quill ensures that the long-term health of the ecosystem aligns with the interests across the community.

$QUILL rewards will accrue to Stability Providers , the users who deposit $USDQ to the Stability Pool and liquidity providers of the USDQ:ETH pool.

How is $QUILL distributed?

To ensure fair allocation and long term alignment with community growth, $QUILL will be distributed as follows:

• Community & Growth (DAO) 40%

• Team 22%

• Advisors 3%

• Liquidity & Incentives 20%

• Investors 10%

• BOLD & Liquity AG 5%

Unlock Mechanism: Both team members and investors will be subject to a 3-month cliff, followed by an 18-month linear unlock, to align incentives with long-term growth and stability.

How can I use $QUILL?

$QUILL can be staked for voting power and bribes, influencing the future of the protocol.