Ecosystem

$MM Token

The heartbeat of the memento ecosystem. A governance token with deflationary mechanics aligned with platform success.

Overview

$MM is the native token of the memento protocol. Unlike many DeFi tokens that rely on inflationary emissions, $MM is designed to become more scarce as the platform grows. Every fee collected contributes to reducing the token supply.

Built on Solana

Governance

Vote on new vault strategies, fee adjustments, and protocol upgrades.

Deflationary

Supply reduces with every transaction as fees fund buyback and burn.

Tokenomics

$MM is designed for long-term value accrual through sustainable mechanics:

Fee Distribution

50%

Buyback & Burn

Protocol fees are used to buy $MM from the open market and permanently remove tokens from circulation.

50%

Treasury

Funds operations, development, marketing, and ecosystem growth initiatives.

Fee Sources

Multiple revenue streams contribute to the $MM buyback and burn mechanism:

Source	Fee	Contribution
Vault Deposits	1.5%	50% to buyback/burn
Vault Withdrawals	1.5%	50% to buyback/burn
Aggregator Access	$5 USDC/24h	50% to buyback/burn
Alpha Reports	$50 USDC/report	50% to buyback/burn

Aligned Incentives

As the platform grows and collects more fees, more $MM gets burned. This creates a direct relationship between platform success and token value appreciation.

Governance

$MM holders can participate in protocol governance by voting on key decisions:

New Vault Strategies

Vote on which new yield strategies should be added to the platform.

Fee Adjustments

Propose and vote on changes to the fee structure.

Treasury Allocation

Decide how treasury funds should be deployed for growth.

Protocol Upgrades

Vote on technical improvements and new features.

Why Deflationary?

Many DeFi tokens suffer from constant sell pressure due to inflationary emissions used for liquidity mining. $MM takes a different approach:

No Inflationary Emissions

Unlike yield farming tokens, $MM does not rely on printing new tokens to incentivize liquidity. This eliminates constant sell pressure.

Real Revenue

Buybacks are funded by actual protocol revenue, not token inflation. This creates sustainable value accrual.

Permanent Burns

Burned tokens are sent to a dead address and can never re-enter circulation. The supply only decreases over time.

Token Utility

Utility	Description	Status
Governance Voting	Vote on protocol decisions	Active
Fee Discounts	Reduced fees for $MM stakers	Coming Soon
Priority Access	Early access to new vaults and features	Coming Soon
Revenue Share	Stake $MM to earn protocol revenue	Planned

Token Launch

$MM has not launched yet. Follow @mementodotmoney on Twitter/X for announcements about the token launch date and distribution details.

Next Steps

Vaults

See how vault fees contribute to the $MM ecosystem.

x402 Protocol

Learn about the payment infrastructure powering fee collection.