Summary

This proposal requests the WPAY Protocol DAO to formally ratify the final allocation of the fixed 10,000,000,000 (10B) WPAY supply across six designated categories, and to confirm the current state of circulation, including the ongoing Node Operator reward emissions governed by prior DAO proposals.

Abstract

WPAY was issued on 28 September 2024, prior to the EU Markets in Crypto-Assets Regulation (MiCA) taking effect. Since issuance, the protocol has matured significantly: the 2026 Litepaper — Stablecoin Infrastructure for the Onchain Era redefined the strategic direction toward stablecoin-native infrastructure, the protocol expanded to a dual-chain deployment on Polygon PoS and Base, and agentic payments emerged as a core forward-looking use case.

This proposal establishes a DAO-ratified allocation of record that reflects the protocol's current priorities, formalizes the Node Operator reward pool as a distinct category (consistent with prior DAO votes governing its emission rate), and confirms that no minting function exists or will be introduced.

Proposal Track

Standard Track:

• 48-hour preparation period
• 72-hour voting period
• Snapshot voting

Motivation

Current Situation

• Token allocation has evolved since issuance, but has not been formally ratified through onchain governance.
• The strategic shift described in the 2026 Litepaper requires an allocation that reflects dual-chain deployment, BaaS partner expansion, and agentic payments readiness.
• Node Operator rewards remain governed by separate DAO proposals (most recently set at 40 WPAY per node license per month in April 2026), but the underlying reward pool has not been explicitly disclosed in tokenomics documentation.
• As a pre-MiCA token, the issuer is required to keep its white paper up to date under MiCA Article 12. A DAO-ratified allocation provides the strongest governance backing for published tokenomics.

Proposed Solution

• Ratify the final allocation across six categories totaling exactly 10,000,000,000 WPAY.
• Explicitly disclose the Node Operator Rewards pool as a separate allocation, with emissions governed by existing and future DAO proposals.
• Confirm that no minting function exists and that the total supply is fixed at 10B.
• Establish that future reallocation between categories requires a separate DAO proposal and vote.

Details

Final Allocation

Total supply: 10,000,000,000 WPAY (fixed, non-mintable)

Key Confirmations

• The total supply of 10B WPAY is final. No minting function exists or will be introduced.
• The allocation above represents the current state of token distribution across protocol-controlled wallets and reward contracts.
• Node Operator Rewards are emitted from a pre-allocated pool under the rate set by prior DAO proposals (currently 40 WPAY per node license per month, ratified April 2026). The pool is not freely circulating; it is released to operators on the DAO-governed schedule.
• All other allocation categories are held in protocol-controlled wallets and are not subject to time-locked vesting contracts.
• Future reallocation between categories requires a separate DAO proposal and vote.

Contract Addresses

• Polygon PoS: 0x7ABE9Edf5C544A04dA83e9110CF46DBC4759170c
• Base: 0x35e0966208f518371e79cC9fD35559112068DdAd

Strategic Alignment

This allocation supports the broader WPAY Protocol vision of:

• Ecosystem Growth (30%): Scaling network effects across both Polygon PoS and Base — more partners, more volume, more utility for WPAY holders.
• Partner & Integration Fund (20%): Directly supporting the BaaS model described in the litepaper. Each new partner integrated into the stablecoin stack increases demand-side pressure on WPAY through membership and reward mechanics.
• Treasury & Operations (20%): Ensuring the protocol can operate independently, provide liquidity, and respond to market conditions without reliance on external funding.
• Grants & Community (15%): Supporting ecosystem development through builder grants, governance experiments, and community-driven initiatives.
• Node Operator Rewards (5%): Funding the existing emission schedule for node operators, with rate adjustments handled through separate DAO proposals.
• Agentic Payments (10%): Forward-looking allocation reserved for AI-driven autonomous transaction flows, where WPAY can serve as settlement collateral and incentive mechanism in machine-to-machine payments.

Rationale for No Vesting on Non-Reward Allocations

Traditional vesting schedules exist to align insiders with long-term outcomes. WPAY takes a different approach: governance itself is the alignment mechanism. Non-reward allocations are held in protocol-controlled wallets, all holders have equal voting weight per token, and any material change to allocation requires a public onchain vote. This is more transparent than time-locked contracts controlled by a single party.

The Node Operator Rewards pool is the sole exception, and its release schedule is itself a function of DAO governance rather than a pre-committed vesting cliff.

Alignment with MiCA

The EU MiCA regulation requires that crypto-asset white papers be kept up to date and accurately reflect the state of the token. A DAO-ratified allocation, recorded onchain through this proposal, provides an immutable governance record supporting the issuer's compliance obligations under MiCA Article 12.

Implementation Timeline

Budget Considerations

• No additional treasury allocation required.
• Proposal formalizes the existing distribution; it does not move or mint any tokens.

On-chain Voting Structure

• Duration: 72 hours
• Quorum Required: >4% of total veWPAY supply
• Approval Threshold: 50% of participating tokens

Voting Options

• For: Ratify the final allocation. Confirm fixed 10B supply. No minting function will be introduced.
• Against: Reject the allocation. Request the core team propose an alternative structure.
• Abstain: Participate in quorum without expressing a preference.