SURS Token

Disclaimer: The information provided in this page is indicative and subject to change. Please refer to official announcements and the latest protocol updates for the most current details.

Introduction

The SURS token is the native utility and governance token of the Satsurance protocol. By holding and utilizing SURS, participants contribute to a secure, trustless risk economy that safeguards BTCFi projects and users against threats such as smart contract exploits, slashing events, and protocol failures.

Launched in alignment with Satsurance's mainnet rollout, SURS is built on a fair and decentralized distribution model to foster community ownership and long-term ecosystem growth. The token plays a central role in enabling institutional-grade protection, unlocking liquidity, and driving the adoption of decentralized insurance solutions in the Bitcoin ecosystem.

Token Utilities

SURS serves multiple functions within the Satsurance ecosystem, ensuring alignment between users, liquidity providers, underwriters, and the protocol itself:

• Governance: SURS holders can propose and vote on key protocol decisions through the Satsurance Governance DAO, including coverage parameters, risk models, and treasury allocations. This decentralized governance structure ensures the protocol evolves in a community-driven manner.

• Ecosystem Incentives: SURS is used for airdrops, bounties, and partnerships to bootstrap adoption among BTCFi projects, developers, and users.

These utilities create a flywheel effect, where increased protocol activity drives demand for SURS, benefiting all stakeholders.

Tokenomics

• Total Supply: 1,000,000,000 SURS (fixed supply, no inflation beyond initial emissions).

• Blockchain: Deployed on a Bitcoin-compatible layer (e.g., a BTC L2 or sidechain) for seamless integration with the BTCFi ecosystem.

• Initial Circulating Supply: Approximately 15% at Token Generation Event (TGE), with the remainder vesting over time to ensure sustainable distribution.

• Deflationary Mechanisms: A portion of protocol fees (e.g., 20%) is used for SURS buybacks and burns, reducing supply over time as adoption grows.

The tokenomics are designed for long-term value accrual, with emissions tapering off after the initial growth phase to reward early contributors while maintaining scarcity.

Token Distribution and Allocation

Satsurance prioritizes a decentralized token distribution to prevent governance attacks and ensure broad community ownership. Unlike traditional models with heavy VC or insider allocations, SURS emphasizes fair launches, community rewards, and incentive-aligned programs. There are no pre-mined tokens for private sales; instead, distribution focuses on ecosystem participants to mitigate centralization risks.

The total supply is allocated as follows:

• Liquidity Provider Incentives: 10% (100,000,000 SURS) – Dedicated to bootstrapping liquidity and rewarding early LPs (detailed below).

• Community and Airdrops: 20% (200,000,000 SURS) – Distributed via farming programs, user airdrops, and retroactive rewards for early adopters and BTCFi integrators. Vests linearly over 24 months.

• Investors: 20% (200,000,000 SURS) – Allocated to strategic investors and early backers, with vesting schedules including a 12-month cliff and 36-month linear vesting to align long-term incentives.

• Team and Advisors: 20% (200,000,000 SURS) – Locked with a 12-month cliff and 36-month linear vesting to align long-term incentives.

• Treasury/DAO Fund: 20% (200,000,000 SURS) – Managed by the Governance DAO for protocol development, grants, and strategic initiatives.

• Marketing and Partnerships: 10% (100,000,000 SURS) – Allocated for ecosystem growth, integrations with BTCFi projects, and marketing campaigns.

This structure promotes decentralization by allocating the majority of tokens to community-driven mechanisms, reducing the risk of concentrated control and governance vulnerabilities.

Liquidity Provider Incentives

To ensure deep liquidity for SURS from launch, Satsurance allocates 10% of the total supply to initial Liquidity Providers (LPs) through a structured, TVL-based program. This incentivizes committed capital while preventing whale dominance and aligning participants with the protocol's success.

The allocation is divided into three tranches based on Total Value Locked (TVL) milestones:

• Tranche A (3% of total supply – 30,000,000 SURS): Awarded to the first $20M of LP capital committed and active. Distributed pro-rata based on time-weighted TVL contributions.

• Tranche B (3% of total supply – 30,000,000 SURS): For the next $200M of LP capital, distributed on the same pro-rata basis.

• Tranche C (4% of total supply – 40,000,000 SURS): For the subsequent $2B of LP capital, again pro-rata by time-weighted TVL.

Alignment Mechanics for LPs

To encourage long-term commitment and fair participation, the program includes several mechanics:

• Lockup Multipliers: LPs can opt for voluntary lockups to boost rewards – 180-day lockup for ×1.25 multiplier; 360-day lockup for ×1.5 multiplier.

• Optional Per-Wallet Caps: To prevent concentration, optional caps (e.g., ≤20% of a tranche per wallet) may be applied based on governance decisions.

• Vesting Schedule: Rewards vest linearly over 12 months with a 3-month cliff from the Token Generation Event (TGE), ensuring sustained liquidity.

• Real-Time Emissions Dashboard: A transparent, on-chain dashboard tracks emissions, TVL contributions, and reward distributions in real-time for full visibility.

This LP program is designed to scale liquidity organically with protocol growth, rewarding dedicated providers while maintaining decentralization.

Governance and Security

The Satsurance Governance DAO, powered by SURS, allows token holders to shape the protocol's future. Voting power is proportional to staked SURS, with quadratic voting mechanisms to further decentralize influence and resist sybil attacks.

Security is paramount: The decentralized distribution model minimizes governance attack vectors by avoiding large pre-allocations to single entities. Audits from reputable firms (to be conducted pre-mainnet) and bug bounty programs will ensure robustness. Additionally, SURS staking includes slashable penalties for malicious underwriting, reinforcing trust in the risk economy.