PZERO token & treasury
PZERO (PROTOCOL ZERO) is the protocol's token: an ERC-20 on Base with a fixed supply of 420,000,000. It trades on scale.farm.
A token backed by revenue. PZERO is not the payment rail. All inference settles in USDC. Instead, protocol fee revenue is deployed into the treasury, part of which buys and burns PZERO.
Distribution
| Allocation | Share |
|---|---|
| Protocol reserve (staking, operations) | 40% |
| Open-market liquidity (23% purchased) | 35% |
| Development (trenches.fund) | 20% |
| Airdrop (28 contributors) | 5% |
How fees reach the treasury
Platform fees accrue in USDC and are deployed by operators into revenue-producing assets and PZERO buy/burn. The split depends on whether a buyer is funding for the first time:
- First deposit (new user): 100% of attributable fees go to buy and burn PZERO.
- Recurring deposit: 20% buy/burn PZERO (fixed), plus 80% dynamic, allocated across revenue assets.
Of the recurring fee, the dynamic portion targets roughly 40% VVV, 24% DIEM, and 16% other revenue assets (such as sAERO and veSCALE).
Status
These percentages are allocation targets. Operators time the actual execution against business growth, treasury goals, and market conditions. Deployment is not a blind market order, and automation is being built incrementally.
Why this design
Growing staked, revenue-producing positions (and burning supply) ties the token to the protocol's actual economics rather than to emissions. As cleared volume grows, so does the revenue flowing into the treasury.