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SAUCE is the native token of the SaucerSwap protocol, created and managed through the Hedera Token Service (HTS). SAUCE is a transferable representation of utility functions in the protocol’s code:
  • Governance. SAUCE and xSAUCE carry voting power in the SaucerSwap DAO — see Governance.
  • Liquidity incentives. The Masterchef contract mints SAUCE to reward V1 farms and V2 LARI positions.
  • Staking. Staking SAUCE for xSAUCE earns a share of protocol revenue and tiered V3 fee discounts — see Single-sided staking.

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Supply structure

At genesis (August 2022), 500 million SAUCE were minted: 200 million entered circulation immediately, and 300 million were locked in non-upgradable vesting contracts owned by the SaucerSwap DAO. The remaining 500 million are minted by the Masterchef contract on a predefined emission schedule.
Chart of the SAUCE maximum supply split across allocation categories

SAUCE max supply by allocation category.

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Initial supply (distributed at genesis)

A total of 200 million SAUCE was released at genesis. The Liquidity, Marketing, and Operations categories fell under DAO ownership; the Community category was distributed to 729 eligible community members.
  • Liquidity: converted to SAUCE/HBAR LP tokens and locked for one year.
  • Community: airdropped to holders of Planck Epoch Collectible (PEC) NFTs by type and count (Gravity 3,000 SAUCE; Electromagnetic 5,000; Weak Nuclear 14,000; Strong Nuclear 30,000).
  • Marketing and Operations: sent to DAO-controlled multisigs.
There were no private sales of SAUCE.

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Genesis vesting schedule (completed)

The DAO deployed non-upgradeable vesting contracts holding 300 million SAUCE. The three-year linear vesting schedule ended on July 16, 2025.
The end of a vesting schedule does not guarantee that every vested token has been withdrawn. Checked July 29, 2026: Core Development, Operations, and Advisor held 0 SAUCE; Marketing held 199,961.736852 SAUCE.

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Masterchef emissions

The Masterchef contract acts as both the treasury account and the supply key for SAUCE, minting and distributing the remaining emission allocation. On August 8, 2023, the DAO approved the Tokenomics V2 proposal, which reduced the pool-reward rate by 60% from the V2 launch onward. The configured model reaches its planned endpoint in September 2027, although governance can change the rate or schedule.
Diagram of the SAUCE emission flow from the Masterchef contract to reward destinations

How Masterchef emissions flow to farms, LARI, the DAO, and staking.

The live Masterchef configuration checked July 29, 2026 uses 5,000 allocation points: The additive devcut is 10% of pool rewards: 0.2113984 SAUCE/sec, or 12.683904 SAUCE/min. It is minted in addition to the pool-reward rate, so gross Masterchef minting is 2.3253824 SAUCE/sec, or 139.522944 SAUCE/min.
  • V1 farms: distributed to V1 LP stakers by farm allocation point.
  • LARI: funds V2 liquidity rewards, with per-pool allocations published for each epoch.
  • DAO: accrues to the DAO treasury for governance-controlled use.
  • Devcut: economically allocated to xSAUCE single-sided staking under the current ratified policy. An operational splitter may still appear in the transfer path.
Allocation points, emission rate, and terminal period are governance-adjustable. Treat this as a dated configuration snapshot and verify live state before relying on it.

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Fee flows: buybacks and burn

Emissions are one side of SAUCE tokenomics; the other is protocol revenue flowing back into the token. The following source-specific allocation policy was ratified through V3 Launch Economics, thread 368, proposal 6123, and final passing election 6141: Fee-switch proceeds and net V3 fees fund SAUCE buybacks through BrewSaucer before the purchased SAUCE is routed to its economic destinations. “Net V3 fees” means taker fees collected less any maker rebates paid. Burns permanently reduce outstanding supply; they do not alter the configured Masterchef schedule or its planned terminal period.
Governance forum text establishes the proposal’s scope and chronology; a final passing election establishes ratification. Thread 385, proposal 6285, and final election 6296 ratified an order-book recalibration on July 22, 2026, but its new fee configuration and cross-venue routing are not verified as deployed. The source-allocation matrix above remains tied to election 6141.

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Historical appendix: the original (pre-V2) model

The original model released 20% of max supply at genesis — categorized at the time as liquidity (2%), airdrops (14%), faucet and giveaways (2%), and DAO treasury (2%) — and emitted the remaining 80% linearly over three years at a constant combined rate of approximately 507.36 SAUCE per minute across vesting and Masterchef streams.Because Hedera has no block concept, emissions were defined per minute (Hedera maps block.timestamp to the transaction consensus timestamp).From genesis to V2 launch, pool rewards were approximately 317.10 SAUCE per minute, with an additive 10% devcut. The Tokenomics V2 proposal (approved August 8, 2023) reduced the pool-reward rate to 126.83904 SAUCE per minute at V2 launch and changed the allocation model.
Exact projected category totals at full emission are intentionally omitted. The historical planning workbook’s component formulas and scenario totals do not fully reconcile, and governance can change future allocation points or emission parameters. On-chain supply and contract balances remain the authoritative current-state record.

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Next steps

Single-sided staking

Where buyback revenue compounds for SAUCE stakers.

V3 fees and rebates

The order book fee flow behind buybacks and burns.

Governance

How the DAO adjusts emissions and treasury flows.

LARI weights

Current per-epoch reward allocations.