# ETH Looping Collective

loopedETH is community-driven and launched by the **loopedETH Collective**, ensuring a decentralized and transparent ecosystem.

The loopedETH Collective is governed by a utility token, with **90% allocated to ecosystem participants**, including depositors, protocols, and validators (until the 900M cap is reached).

* **90%** distributed across the loopedETH ecosystem
* **10%** allocated to the community fund for long-term initiatives

**Token Supply & Distribution:**

* **Total Supply:** 1,000,000,000
* **Distribution Cap:** 900,000,000
* **Reward Eligibility:** Wallets must hold positions for at least **8 weeks** before rewards start accruing.