> For the complete documentation index, see [llms.txt](https://docs.blastname.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.blastname.com/blastname-financial-model/locking-vesting-and-subtreasury.md).

# Locking, Vesting, and subTreasury

## Locking & Vesting

To ensure the longevity of the project and avoid dumping, 50% of yield farming rewards will have a 30 days cliff followed by 30 days vesting period. Each claim is calculated separately. This debuff will apply to farmed tokens during:

| BND        | BNS           |
| ---------- | ------------- |
| First week | First 4 weeks |

## subTreasury

A portion of the profits generated from NFT minting, BND tokens sold, and claiming reward BNS are deducted automatically and allocated to a dedicated buyback & burn fund. This fund is used to periodically purchase and permanently remove BND from circulation, further fueling project growth by reducing the total supply of BND and potentially increasing its value.

| SOURCE               | REALLOCATION % |
| -------------------- | -------------- |
| NFT minting          | 7%\*           |
| Claim reward BNS     | 3.5%           |
| Selling BND when:    |                |
| BND/FloorPrice < 1   | 10%            |
| BND/FloorPrice < 0.9 | 20%            |
| BND/FloorPrice < 0.8 | 30%            |
| BND/FloorPrice < 0.7 | 40%            |
| BND/FloorPrice < 0.6 | 50%            |

$$
FloorPrice = Total Treasury Asset/BNDcirculatingSupply
$$

\*: When a user mints an NFT using a referral link, a portion of the minting fee will be reallocated to the owner of the referral link instead. This referral bonus applies for up to 3 levels, for a total reallocation of 7% minting fee.

| REFERRAL LEVEL | REALLOCATION % |
| -------------- | -------------- |
| R1             | 4%             |
| R2             | 2%             |
| R3             | 1%             |

For example: Let's say we have 4 friends A, B, C and D.

* A mint a $1000 NFT and doesn't use any referral link -> B\&B fund receive 7% of the mint fee ($70). $930 goes to the Treasury.
* B mint a $1000 NFT and uses A's referral link -> B\&B fund receive 3% ($30). A receive 4% ($40) and $930 goes to the Treasury.
* C mint a $1000 NFT and uses B's referral link -> B\&B fund receive 1% ($10). A receive 4% ($40), B receive 2% ($20) and $930 goes to the Treasury.
* D mint a $1000 NFT and uses C's referral link -> A receive 4% ($40), B receive 2% ($20), C receive 1% ($10) and $930 goes to the Treasury.


---

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