TTT(Time-Travelling Token)

Time Traveling Tokens (TTT) are an innovative feature exclusive to Counterfactual. TTT allows users to set checkpoints on specific actions, enabling the reversal of trades or borrowing without collateral under certain conditions. It also enhances governance by incentivizing active participation through vote-locking in veTTT, with decaying voting power if engagement criteria are not met. TTT unlocks new strategies within Counterfactual, providing flexibility and control over token usage while maintaining a dynamic governance structure.

For more in-depth details on what TTT enables, please check out this post.

Distribution and Supply

• Total Supply: The total supply of TTT is capped at 80M tokens, intended to be fully released over approximately 100 years.

• Emission Schedule: TTT tokens are distributed gradually as block rewards to those who mirror assets. The emission rate decreases over time, reducing the supply inflation.

Mirroring Rewards

• TTT is distributed to asset pools on L1. The amount of TTT each user receives depends on the amount of liquidity they provide and the pool they are participating in.

Locking and Boosting

• veTTT: Users can lock TTT tokens to receive veTTT ("voting escrow TTT"), which cannot be traded. The longer TTT is locked, the more veTTT is received. Holding veTTT entitles users to higher rewards distributions and more significant influence in governance votes.

• Boosting: Liquidity providers with veTTT can boost their rewards on the assets they mirror, receiving up to 2.5 times the standard TTT distribution, depending on the amount of veTTT they lock.