Marginfi token mechanics

On reflection it could be a lot simpler than this.

  • Drop 80% of the tokens to pre-JTO users per the points system.
  • Drop 20% of the tokens to post-JTO users per the points system.

Everyone gets a piece of the pie. The farmers who are more likely to dump get a smaller cut. Users who are more likely to stick around get a bigger cut and stay involved in the ecosystem.

Tokens get governance rights and a cut of the supply/borrow spread for staking. If marginfi ever launches a credit card (please!!) stakers earn a cut of the transaction fees too.

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