# $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="" %} {% embed url="" %} {% embed url="" %}