# $RARI

### $RARI

$RARI is a governance token of the Rarible Protocol ecosystem that was issued in 2020 with a max. supply of 25 million $RARI.

The initial distribution of the token was as follows: 

* 10% airdropped to NFT holders in the cryptocurrency community
* 60% set aside for rewarding users of the apps built on Rarible Protocol 
* Remaining 30% was distributed to investors and the Rarible team

When locked, the token can be used for governance in the RARI DAO.

### $RARI Staking

The RARI DAO has [funded staking rewards](https://www.tally.xyz/gov/rari-foundation/proposal/105687260580009083439953596527494389368202649677818238143691900241876899704510) to $RARI holders who stake and delegate to an active delegate (active delegate must have voted at least once in the past 90 days / karma score of 15). The staking reward is dynamic and a function of how much $RARI is staked; the rewards are streamed directly to the staker without the need for claiming. Currently, [season 1](https://www.tally.xyz/gov/rari-dao/proposal/29202588106372860465331835051089577784503531662265359298745871774951614514001) of staking is underway. To stake and delegate visit [v2 DAO on Tally](https://www.tally.xyz/gov/rari-dao).

### veRARI

(this model is getting depricated)

The voting protocol for the RARI DAO is based on holders' locked $RARI tokens, also known as **veRARI (vote-escrowed RARI)**. From a technical perspective, veRARI is a non-standard ERC20 token implementation.

veRARI represents non-transferrable voting power a holder receives upon locking their $RARI in a voting-escrow contract for a chosen period of time. Any $RARI token holder can create a lock by specifying the locked amount and lock period.

{% hint style="info" %}
The amount of veRARI is calculated according to a complex formula that you can find in [RRC-0](https://forum.rari.foundation/t/rrc-0-introducing-the-rari-foundation-and-fully-on-chain-governance-for-rari-dao-process/554).
{% endhint %}

Below are a few examples:

| Locked $RARI | Locking period | veRARI you get |
| ------------ | -------------- | -------------- |
| 100          | 1 month        | 20 veRARI      |
| 100          | 6 months       | 37.6 veRARI    |
| 100          | 2 years        | 100 veRARI     |

For a deep dive into the tokenomics and history of RARI and veRARI, visit the following documents:

{% embed url="<https://forum.rari.foundation/t/rrc-0-introducing-the-rari-foundation-and-fully-on-chain-governance-for-rari-dao-process/554>" %}

{% embed url="<https://forum.rari.foundation/t/rrc-1-introducing-verari-and-voting-process/555>" %}

{% embed url="<https://snapshot.org/#/rarible.eth/proposal/0x6d19f8ea6fa7b4f1ff553a4b2e4b89a40a1213b3dc3fa7483301e4541554e4f7>" %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://rari-foundation.gitbook.io/rari-dao-knowledge-base/governance/usdrari.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.