pFLOOR

For team incentives, FloorDAO follows the Olympus pOHM model with “supply share” vesting using a pFLOOR token.

pFLOOR is an options contract that allows the holder to exercise their limited right to mint FLOOR. To mint 1 FLOOR, the holder must add 0.001 ETH to the FloorDAO treasury. This ensures that FLOOR remains intrinsically backed.

Unlike traditional vesting contracts, vesting of this option does not happen linearly over time. Instead, FLOOR can only be minted as a percentage of total supply applied, with a hard cap on the amount of FLOOR that can be minted in total.

If a holder had 1,000 pFLOOR options and a supply share of 1%, they would have the option to mint 100 FLOOR if the total supply of FLOOR was 10,000. Their 1,000 pFLOOR would then become fully vested when the total supply of FLOOR reached 100,000. Further increases in supply would not vest any further tokens.