> For the complete documentation index, see [llms.txt](https://pillar-dao.gitbook.io/pillar-dao-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pillar-dao.gitbook.io/pillar-dao-docs/tokens/plr.md).

# PLR

The PLR token serves as both a governance and utility token in the Pillar DAO ecosystem, granting holders decision-making power and incentives for participation.

## Features

* **Governance:** PLR holders vote on governance decisions, including yield strategies and treasury management.
* **Staking Rewards:** Users who stake PLR receive a share of protocol revenue.
* **Ecosystem Utility:** PLR is used for liquidity incentives, protocol fee sharing, and governance participation.

## Tokenomics

| Category                 | Allocation                | Vesting Details                                                                                                                                                        |
| ------------------------ | ------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Airdrop & Early Users    | 10% (100M PLR)            | 3-month full lock, followed by 3-month linear vesting.                                                                                                                 |
| Protocol Owned Liquidity | \~5% (50M PLR)            | A portion of PLR supply will be paired with USDC from the raise to form protocol-owned liquidity. The exact amount will be based on a percentage of total USDC raised. |
| Staking & Yield Rewards  | 35% (350M PLR)            | Distributed over 3+ years as staking rewards.                                                                                                                          |
| Treasury                 | 29.86% (298,706,932M PLR) | Controlled by governance for sustainability and protocol expansion.                                                                                                    |
| Team & Advisors          | 10% (100M PLR)            | 10% unlock after 1 month, another 10% at 2 months, followed by 10-month linear vesting of the remaining 80%.                                                           |
| Presale                  | 10.13% (101,293,068M PLR) | No vesting                                                                                                                                                             |
| Total Supply             | 100% (1B PLR)             |                                                                                                                                                                        |

## Sale

To ensure strategic entry pricing and accommodate different forms of participation, the PLR token sale will follow a tiered structure,

| Tier    | Amount/Target         | Access Type                                                                                                   |
| ------- | --------------------- | ------------------------------------------------------------------------------------------------------------- |
| Preseed | \~37.2M PLR (3.72%)   | Exclusive                                                                                                     |
| WL1     | \~53.325M PLR (5.33%) | Users who lock more than 20,000 stpUSD for 1 month during the initial phase                                   |
| WL2     | \~49.5M PLR (4.95%)   | Users who lock more than 10,000 stpUSD for 1 month or receive allocations through community & ecosystem deals |
| Public  | \~110M PLR (11.00%)   | Open to all                                                                                                   |