Emissions Schedule
Last updated
Last updated
Weekly emissions (at inception): 2,600,000 $PEARL
Weekly emissions decay: 1%
Weekly treasury wallet allocation: 2.5%
Weekly $vePEARL rebase: Up to 50% at an 80% lock rate
Emissions for liquidity providers: Minimum of 47.5%
Our goal is to build an ecosystem of dedicated token lockers, motivated by their understanding of the value of an increasing weekly bribe budget.
In the spirit of 3,3 game theory, we want to reward teamwork amongst our ecosystem participants, balancing that with opportunities for new entrants—consumer or protocol—at any time. After extensive discussion and modeling, we've determined that the following is the inflation protection i.e. rebase approach for our DEX:
Inflation protection percentage will grow linearly from 0% at a 0% $vePEARL lock rate to a maximum of 50% at an 80% $vePEARL lock rate.
This means that $vePEARL lockers will accrue a weekly token distribution equivalent to 50% of their $vePEARLtokens if the other participants in the ecosystem align on a locking strategy, maintaining an 80% lock rate on $vePEARL as new $PEARL enter circulation each week. New participants immediately benefit from this rebase protection at the same rate as established ecosystem players. Rebase rate will drop if new participants do not lock $PEARL and the lock rate falls.
